Reported 16 days ago
Apollo Global Management has presented a proposal to acquire Papa John’s International for $64 per share amid ongoing discussions, with no agreements finalized yet. The pizza chain has seen interest from various activist investors and reported second-quarter revenues of $529.2 million, though net income dropped by 23%. Currently, Papa John’s operates 6,000 outlets globally and aims to expand in India after recently re-entering the market.
Source: YAHOO