Starboard buys $200 million stake in Papa John’s, shares jump 9 percent

February 4, 2019 admin Business News Comments Off on Starboard buys $200 million stake in Papa John’s, shares jump 9 percent

Hedge fund Starboard Value LP has taken a $200 million stake in Papa John’s International Inc after the No. 3 U.S. pizza chain rejected a similar offer from the company’s founder, John Schnatter, according to the company and a regulatory filing.

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Source:: Reuters – Business News