All articles tagged with #take private bid
Originally Published 2 months ago — by Bloomberg.com
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.
Originally Published 1 year ago — by Yahoo Finance
Macy's shares surged 14% after investors Arkhouse Management and Brigade Capital increased their take-private bid to $6.58 billion, valuing the department store operator at $24 per share. The company, which has struggled with sales growth and profitability, is reviewing the new offer after rejecting a prior bid in January. The investors have identified global lenders for financing and are pressuring Macy's by nominating director candidates. Macy's forward price-to-earnings multiple is lower than industry peers, including Kohl's and Nordstrom.