Papa John’s International has received a takeover proposal from Qatari-backed investment firm Irth Capital, which has offered to take the restaurant group private at a valuation of roughly $1.5bn, according to a report by the Wall Street Journal citing unnamed people familiar with the matter.
Irth has proposed acquiring the company for $47 per share, representing a significant premium of about 50% compared with the share price before the approach was made.
News of the proposal sent Papa John’s s...
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