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0.00310880829015537 0.00310880829015537 0.00310880829015537 0.00310880829015537 0 -0.0233160621761658 -0.0153367875647668 -0.022279792746114
Stock impact report

Papa John's weighs Irth Capital's $1.5bn take-private bid – report [Yahoo! Finance]

Papa John's International, Inc. (PZZA) 
Last papa john's international, inc. earnings: 2/26 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.papajohns.com
Company Research Source: Yahoo! Finance
Papa John's International is examining a renewed takeover proposal from Irth Capital Management, according to the Wall Street Journal WSJ ), citing people familiar with the matter. The fresh proposal will take the pizza chain private at a valuation of $1.5bn. The proposal has financial backing from Brookfield Asset Management. Irth has put forward an offer of $47 per share, implying a premium of approximately 44% over the most recent closing price of the company's stock. As of Tuesday (11 March), Papa John's had a market value of around $1bn. The move follows Irth's attempt last year to buy Papa John's alongside private-equity firm Apollo Global Management, though the talks ended without an agreement. However, Irenic Capital Management built a stake in Papa John's to 10% recently, a source told WSJ The publication added that there is no assurance that Papa John's will agree to Irth's latest offer, and additional interested parties could still surface. Irth was created i Show less Read more
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