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Papa John's rejects investment offer by founder John Schnatter
Source: Reuters
BUSINESS NEWS FEBRUARY 4, 2019 / 9:28 AM / UPDATED 23 MINUTES AGO
Papa John's rejects investment offer by founder John Schnatter
(Reuters) - Papa John’s International Inc’s founder John Schnatter said on Monday the pizza chain rejected an investment offer of up to $250 million from him.
Schnatter said he was withdrawing the offer after the company accepted a similar one from activist hedge fund Starboard Value LP. (bit.ly/2t0MiC2)
Reporting by Uday Sampath in Bengaluru; Editing by Shinjini Ganguli
Papa John's rejects investment offer by founder John Schnatter
(Reuters) - Papa John’s International Inc’s founder John Schnatter said on Monday the pizza chain rejected an investment offer of up to $250 million from him.
Schnatter said he was withdrawing the offer after the company accepted a similar one from activist hedge fund Starboard Value LP. (bit.ly/2t0MiC2)
Reporting by Uday Sampath in Bengaluru; Editing by Shinjini Ganguli
https://www.reuters.com/article/us-papa-john-s-m-a/papa-johns-rejects-investment-offer-by-founder-john-schnatter-idUSKCN1PT1FW
