Papa John's Nears $2.7B Private Takeover by TriArtisan Capital
Papa John's is nearing an all-cash deal to go private. TriArtisan Capital offered $65 per share, a nearly 58% premium, valuing the chain at $2.7B.
Papa John's is nearing an all-cash deal to go private. TriArtisan Capital offered $65 per share, a nearly 58% premium, valuing the chain at $2.7B.
Private equity firm Apollo withdrew its $64-a-share bid for Papa John's due to tightening consumer spending and expected tough Q3 earnings (7% drop).
Apollo Global Management increases its bid to take Papa John's pizza chain private at $64/share, up from June's $60 offer, as private equity eyes restaurant sector deals.
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