Retail News

Hedge fund considering a bid for Papa John’s

Fortune 10/08/2018

Trian Fund Management, the activist hedge fund, is among a group of potential bidders for the Papa John’s business. The news, first reported by The Wall Street Journal, sent Papa John’s stock up 12 percent in late trading yesterday. Trian owns a 13 percent of Wendy’s stock and has three seats on the chain’s board including the chair held by its co-founder Nelson Peltz.

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