Papa John’s spikes after a report says private equity firms are fighting for a stake in the pizza chain (PZZA)
|10/30/2018||Posted by BusinessMediaguide.Com under General World News||
- Private equity firms are fighting to acquire a 30% stake in Papa John’s that is controlled by its founder John Schnatter, according to Reuters.
- Shares of the pizza chain rallied 10% following the news.
- Papa John’s is likely to be valued at $63.50 per share during a potential acquisition, Jefferies analyst Alexander Slagle recently said.
- Watch Papa John’s trade live.
Papa John’s shares rallied 10% Tuesday after a Reuters report said private equity firms are fighting to acquire a stake in the pizza chain.