Papa John’s Stock Surges on Fresh Buyout Rumors Amid Private Equity Interest
Papa John’s International (PZZA) shares rallied over 12% during Monday trading following reports of a potential buyout offer from New York-based private equity firm TriArtisan Capital. The rumored $65-per-share deal comes just days after Apollo Global Management (APO) withdrew its acquisition bid at $64 per share, which had initially sent the pizza chain’s stock tumbling.
Market reactions were immediate, with PZZA briefly halted after a 13% intraday surge. Analysts at Stephens described the development as "another chapter" in the company’s ongoing M&A saga. Conflicting reports emerged regarding the deal’s validity—ABC Money cited insider sources while Seeking Alpha disputed the claims.