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Papa John's shares jumped 12.6% after Apollo offered $64/share to take the company private, valuing it at $2B.
Papa John's shares rose 12.6% after hours on October 14, 2025, following reports that Apollo Global Management submitted a new $64-per-share offer to take the pizza chain private, up from its earlier joint proposal with Irth Capital.
The bid, valued at about $2 billion, exceeds the company’s current market cap of $1.49 billion.
While the deal is not finalized, the offer has boosted investor confidence, driving the stock to $54.80 after hours.
The surge reflects market speculation rather than new operational developments, amid a volatile trading history and recent analyst downgrades.
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Las acciones de Papa John saltaron un 12,6% después de que Apollo ofreciera $64 por acción para tomar la compañía privada, valorándola en $ 2B.