Papa John's jumps following reports of Apollo-backed takeover bid

Papa Johns International

11/06/2025 20:04

Added dropped word YTD in last bullet

** Papa John's shares PZZA.O jump nearly 12% to $53.89 on Wed following reports that Apollo and Irth Capital are in talks to acquire the pizza chain

** The investment firms' joint bid would value PZZA at $60 per share, according to a Reuters report. Semafor was the first to report the deal, saying the joint bid valued the pizza chain at about $2 bln

** PZZA was briefly halted following the report and rose to $55.47 on the session, its highest since Nov 8, and was on track for biggest daily pct gain since early May

** Among 16 analysts that cover PZZA, avg rating is "BUY" and median PT is $47.50

** PZZA is up ~30% YTD with today's move

 (Reporting by Chibuike Oguh in New York)

 ((Email: Chibuike.Oguh@thomsonreuters.com; Phone: +332-219-1834; Reuters Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))