Pizza Giants on the Menu: Papa John's and Pizza Hut Nearing Sale
Papa John’s and Pizza Hut may be sold as costs rise and sales fall; investors consider taking them private for easier restructuring.
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Papa John's Gets Fresh Takeover Offer: Qatari-Backed Irth Eyes $47/Share Deal
A Qatari-backed investment fund, Irth Capital Management, has bid $47 per share to buy Papa John's pizza chain, valuing it at ~$1.5 billion—a big premium over its recent stock price amid ongoing takeover interest.
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.
Apollo Global Ends Bid to Take Papa John’s Private
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 Sweetens Papa John's Buyout Offer to $64 Per Share
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.
Starboard Value Builds Stake in Keurig Dr Pepper Following Controversial Acquisition Deal
Activist investor Starboard Value takes position in Keurig Dr Pepper after its €15.7B JDE Peet's acquisition announcement triggered 25% stock decline and investor concerns.