Papa John's Soars On Reported $64 Apollo Bid
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Papa John's shares surged 18% following reports of a $64 per share bid from Apollo Global. This development is part of an ongoing takeover discussion that began in June, involving a potential $2 billion valuation with interest from a Qatari investment fund. The $64 offer represents a significant premium, potentially attracting more bidders. The outcome will depend on financing, franchisee support, and the board's assessment of growth and delivery economics. A credible bid could reshape investor perceptions of restaurant brands and lead to further consolidation in the industry.
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