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Stock impact report

Qatari Fund Cooks Up a Premium Papa Johns Bid [Yahoo! Finance]

Apollo Global Management, Inc. (New) (APO) 
Last apollo global management, inc. (new) earnings: 5/1 07:00 am Check Earnings Report
US:NYSE Investor Relations: apollo.com/shareholders/overview
Company Research Source: Yahoo! Finance
Concerned about an AI bubble? Sign up for The Daily Upside for smart and actionable market news, built for investors Funds could soon be fighting over the last slice of Papa Johns pizza after a fresh bid reportedly emerged valuing the garlic dip hub at $1.5 billion. Papa Johns CEO Todd Penegor said on Thursday that he wouldn't comment on “market speculation.” Irth Capital, a global investment fund backed by the Qatari royal family, renewed its bid to take the pizza company private, The Wall Street Journal reported yesterday. The fund tried to buy the pizza chain alongside Apollo Global Management last year. Despite that deal falling apart, Irth has since upped its share of the company's stock to 10%. Papa Johns' stock surged 19% Wednesday as investors anticipated the potential buyout. Irth's offer to take the pizza chain private puts a ~50% premium on the company's shares at $47 apiece. Sign up for The Daily Upside at no cost for premium analysis on all your favorite stocks. Show less Read more
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