Papa John's surges after report co nearing takeover deal with TriArtisan Capital

Papa Johns International

10/11/2025 17:21

** Papa John's PZZA.O shares jumped by almost 19% to an intraday high of $48.83 Monday

** UK business news site ABC Money reported that PZZA is nearing a deal to go private with an investor group led by TriArtisan Capital Advisors at $65 a share

** A person familiar with the matter told Reuters the report, which was based on individuals familiar with the negotiations, wasn't true

** That person said Papa John's isn't in talks with TriArtisan

** TriArtisan did not respond to Reuters request for comment, while Papa John's declined to comment

** ABC Money didn't immediately respond to a request for comment

** PZZA shares were last up about 6% and have dropped nearly 15% since Reuters reported last week that Apollo Global APO.N had withdrawn its $64-per-share bid to take it private

 (Reporting by Juveria Tabassum and Sanskriti Shekhar in Bengaluru and Abigail Summerville in New York)

 ((Juveria.Tabassum@thomsonreuters.com))