Papa John's Shares Drop After Apollo Withdraws Takeover Bid
TL;DR Summary
Papa John’s shares dropped 15% after reports that Apollo Global withdrew its $64 per share bid to take the company private, amid broader challenges in the restaurant sector such as sluggish sales and rising costs.
- Papa John's sinks 15% on report Apollo withdrew its offer to take chain private CNBC
- Exclusive: Apollo withdraws bid to take pizza chain Papa John's private at $64 a share, sources say Reuters
- Papa John’s Sinks Most Since 2020 on Report Apollo Pulled Bid Bloomberg.com
- Papa John's falls on report Apollo has withdrawn takeover offer (PZZA:NASDAQ) Seeking Alpha
- Papa John’s Stock Tumbles on Reported Withdrawal of Takeover Deal Barron's
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