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Papa Johns Abandons Search For Buyer, Looks for Investors Instead

fortune.com

The nation’s third-largest pizza company has given up its quest to find a new owner . Papa Johns wasn’t satisfied with offers from private equity companies, reports Reuters . As a result, it has opted to look for an investor instead. The news surprised investors, who quickly punished the company. Papa John’s stock fell more than 8% Friday in mid-morning trading. Papa Johns has been struggling for awhile, at one time blaming the NFL’s National Anthem controversy for its problems...

Mentions: Management Investors Nelson Peltz