Hedge fund considering a bid for Papa John’s
October 9, 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.
Recent News
Whole Foods and Amazon Fresh Offer Unlimited Deliveries for $10 a Month
Amazon has unveiled a new program that allows customers of both Whole Foods and Amazon Fresh to receive unlimited grocery delivery for just $10 per month.
GM Reports Surge in Profit on Gas Car Sales
Although General Motors has had trouble selling its electric cars, a recent report indicates that the increase in sales of gas-powered vehicles helped the company generate a profit.
Bubble Tea Bubble Bursts? Popular Brand’s Shares Plunge in IPO
The bubble tea craze has taken over cities of all sizes in the United States, but things aren’t looking good for a popular chain, whose initial public offering (IPO) tanked on the Asian market.
UPMC Cuts 1,000 Jobs Due to Post-Pandemic Challenges
UPMC, the largest employer in Allegheny County, Pennsylvania, is laying off about 1,000 employees. The cuts are a response to challenges in the post-pandemic healthcare market.