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Papa John's Shares Drop After Apollo Withdraws Takeover Bid

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Source: CNBC
Papa John's Shares Drop After Apollo Withdraws Takeover Bid
Photo: CNBC
TL;DR

Papa John’s shares dropped 15% after reports that Apollo Global withdrew its $64 per share bid to take the company private, amid broader challenges in the restaurant sector such as sluggish sales and rising costs.

Topics:business#apollo-global#business#papa-johns#private-equity#restaurant-industry#stock-decline
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  1. Papa John's sinks 15% on report Apollo withdrew its offer to take chain private  CNBC
  2. Exclusive: Apollo withdraws bid to take pizza chain Papa John's private at $64 a share, sources say  Reuters
  3. Papa John’s Sinks Most Since 2020 on Report Apollo Pulled Bid  Bloomberg.com
  4. Papa John's falls on report Apollo has withdrawn takeover offer (PZZA:NASDAQ)  Seeking Alpha
  5. Papa John’s Stock Tumbles on Reported Withdrawal of Takeover Deal  Barron's

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