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Papa John’s Stock Surges 12% on New Take-Private Offer

Papa John’s Stock Surges 12% on New Take-Private Offer

Author:

Global Cryptocurrency

Published:

2025-11-10 21:28:02

17

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BTCCSquare news:

Papa John’s International Inc. (PZZA) shares jumped 12% on November 10 following reports of a fresh take-private bid led by TriArtisan Capital Advisors. The private equity group has reportedly offered $65 per share, a 58% premium to the November 7 closing price, valuing the pizza chain at approximately $2.7 billion.

TriArtisan, which holds stakes in P.F. Chang’s and Hooters, has yet to comment publicly on the proposal. The offer comes just days after Apollo Global Management abandoned its own acquisition plans, triggering a selloff in PZZA stock. Market participants view the new bid as a potential lifeline for shareholders seeking an exit.

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