Reported about 9 hours ago
Domino's Pizza Enterprises Ltd. experienced a significant drop in share prices following its denial of receiving any takeover offer from Bain Capital, which was previously reported to consider a $2.6 billion acquisition. The stock had surged by 23% to A$19 after the initial report but fell back to A$16.53 after the company clarified there had been no communication with Bain. The firm’s largest shareholder, Jack Cowin, is implementing changes to lower prices and increase price transparency.
Source: YAHOO