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Private Equity

Papa John's Shares Rise Amid Buyout Rumors

by foxbusiness.com posted 2weeks ago 15 views
Offers are expected within the next few weeks, according to a report. : Papa John’s board voted to adopt a ‘poison pill’ aimed at preventing founder John Schnatter from getting a controlling stake in the company. FBN’s Cheryl Casone with more. Papa John’s shares were trading higher on Wednesday after a report that multiple private equity firms are competing to buy the embattled pizza chain.