Papa John's shares jump after Apollo makes $2B bid for pizza chain

Core Viewpoint - Apollo Global Management and Irth Capital Management have proposed a $2 billion deal to take Papa John's International private, valuing the pizza chain at just above $60 per share [1][3]. Group 1: Deal Details - The joint bid from Apollo and Irth would value Papa John's, the world's third-largest pizza delivery company, at just above $60 per share [1][3]. - The investment firms have approached Papa John's for this deal, indicating a significant interest in the company [1]. Group 2: Market Reaction - Following the news of the bid, Papa John's shares increased by more than 9%, reaching $52.68 [2].