Private-equity suitor offers $1.5 billion to take Papa John’s private; board reviews proposal
Papa John’s International is evaluating a new proposal from Irth Capital Management to acquire the U.S. pizza chain in a transaction that values the company at roughly $1.5 billion. The offer, reported to be $47 per share, represents a roughly 44% premium to the stock’s most recent closing price and coincided with an immediate 18% jump in the compa…