Papa John’s shares jump after Apollo makes $2B bid – Business News
Apollo Global Management and Irth Capital Management have approached Papa John’s International for a $2 billion deal that might take the pizza chain non-public, two people acquainted with the matter stated Wednesday.
The investment companies’ joint bid would worth Papa John’s, the world’s third-largest pizza supply company, simply above $60 per share, stated the people, who requested to not be recognized as a result of the deal is non-public.
The investment companies’ joint bid would worth Papa John’s, the world’s third-largest pizza supply company, simply above $60 per share, Reuters reported. Christopher Sadowski
Semafor reported Apollo and Irth’s bid for the company earlier on Wednesday.
Papa John’s declined to remark. Apollo and Irth didn’t instantly reply to requests for remark.
Shares soared more than 9% to $52.68.
