Home » General World News » Papa John’s spikes after a report says private equity firms are fighting for a stake in the pizza chain (PZZA)

Papa John’s spikes after a report says private equity firms are fighting for a stake in the pizza chain (PZZA)





Papa John's

  • 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.

Resuters reports, Bain Capital and CVC Capital Partners are among the private equity firms competing to buy read more >>>

Source:: BusinessInsider.Com

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