Takeover rumors boost Papa John’s
Reading Time: 2 minutes
The stock of Papa John’s rose by 10% on Monday after reports of a takeover bid from Apollo Global circulated. According to reports, the financial investor is set to offer $64 per share for the pizza chain. The news immediately sparked lively speculation and propelled the stock to its highest level in months. Old rumors gain new momentum As early as June, it was reported that Apollo, along with a Qatari sovereign wealth fund, was preparing a bid for Papa John’s. At that time, the company was estimated to be worth around $2 billion. This figure...
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