Papa John’s International Inc ( NASDAQ: PZZA) shares are increasing in extended trading on Tuesday following reports that Apollo Global Management has actually sent a brand-new takeover quote.
• PZZA shares are climbing up after hours. Examine the share rate here.
What To Know: Apollo sent out Papa John’s a fresh deal recently to take the pizza chain personal at $64 per share, according to Reuters.
Individuals acquainted with the matter supposedly stated there are a great deal of moving parts and an offer is not ensured to take place. The report likewise shows that several activist financiers have an interest in Papa John’s.
Numerous media outlets reported in June that Apollo Global Management and Irth Capital had actually sent a joint deal for Papa John’s, valuing the business at around $2 billion. Papa John’s had a market capitalization of around $1.49 billion since Tuesday’s close.
PZZA Rate Action: Papa John’s shares were up 12.57% in after-hours, trading at $54.80 at the time of publication on Tuesday, according to Benzinga Pro.
Read Next:
Image: Shutterstock.com
Market News and Data gave you by Benzinga APIs