Papa John's Shares Rise Amid Potential $65 Takeover
Papa John's stock surged 14% on reports that it is nearing a $65 per share sale to TriArtisan Capital, with discussions progressing toward an agreement, though no deal has been finalized.
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Papa John's Shares Drop After Apollo Withdraws Takeover Bid
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 Shares Drop After Apollo Withdraws Takeover Bid
Papa John’s stock fell by up to 21% after Apollo Global Management withdrew its bid to take the company private at $64 per share, marking the largest drop since March 2020, amid broader industry shifts including Yum! Brands' review of Pizza Hut.
Apollo and Irth Capital Eye Private Acquisition of Papa Johns
Apollo and Irth Capital have made a bid to take Papa Johns private, valuing the pizza chain at around $2 billion, with the consortium offering in the low $60s per share, while Irth Capital brings a small stake and turnaround expertise, though financing details are still being sorted out.
"AMC's Revival, Duolingo's Growth, and Papa John's Resurgence: Trending Business Highlights"
AMC shares fell after reporting a larger-than-expected loss despite beating revenue estimates, while Duolingo's stock surged on better-than-expected fourth-quarter results driven by user growth. Papa John's stock climbed after beating earnings estimates and posting rising comparable sales in North America.
"Papa John's Settles Discrimination Lawsuit, Pays $175K to Blind Athens Man"
Papa John's Pizza has agreed to pay $175,000 to settle a disability discrimination claim filed by a blind former employee. The employee, Michael Barnes, was denied an accommodation and fired before starting his job. The settlement also includes training on the Americans with Disabilities Act for Papa John's employees, a review of employment policies, and monitoring of discrimination complaints by the U.S. Equal Employment Opportunity Commission. The company stated its commitment to equal opportunity and maintaining a diverse and inclusive culture.
"Omaha Police Probe Pizza Shop Robbery"
Omaha Police are investigating a robbery at a Papa John's pizza shop where a suspect, described as a Black male wearing a pink hooded sweatshirt and a black face covering, entered the store, brandished a handgun, and demanded money before fleeing on foot with an undisclosed amount of cash. The investigation is ongoing, and anyone with information is urged to contact Omaha Crime Stoppers.
All Taco John's locations in Fargo-Moorhead area to shut down.
All Taco John's locations in the Fargo-Moorhead area have closed, with most locations shutting down on Friday and officially closing on Sunday. There is a possibility that current employees could be moved to local Papa John's locations, but this has not been confirmed. One employee stated that he had only found out about the closing this week.