Qatari-backed fund offers $1.5bn for pizza giant Papa John’s: Report

Irth Capital offers $47 per share for Papa John’s International, sources have told Reuters news agency.

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Qatari-backed investment fund Irth Capital has this month made a $47-per-share offer to buy pizza chain Papa John’s International, marking a second takeover attempt after a previous bid alongside Apollo Global Management last year, the Reuters news agency reported, citing two sources familiar with the matter.

The offer would value the company at $1.5bn. Irth already owns roughly 10 percent of the company, ⁠with half of its stake in derivatives, one of the sources said.

Qatari-backed fund offers $1.5bn for pizza giant Papa John’s: Report

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