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New York Hedge Fund Considering Papa John's Takeover

by lex18.com posted 1year ago 39 views
LOUISVILLE, Ky. (LEX 18)– Trian Fund Management, a hedge fund out of New York, is considering a takeover bid for Papa John’s, according to a report from the Wall Street Journal. Papa John’s has been exploring a sale after founder John Schnatter’s racial comments during a conference call in May. Schnatter stepped down as chairman, but remains on the company board, and holds a nearly 30 percent stake. A Kentucky man is facing several charges after hacking into an Indiana hospital's computer network.

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