Yahoo Finance·2025-10-15 11:28Core Insights - Apollo Global Management has proposed to acquire Papa John's International at $64 per share, with the situation remaining fluid and no agreement guaranteed [1] - The pizza chain has attracted interest from several activist investors [1] Company Overview - Papa John's has a market capitalization of $1.6 billion [2] - The company reported revenues of $529.2 million for the second quarter ended June 29, reflecting a 4% year-on-year increase, while net income decreased by 23% to $9.7 million [2] - Established in 1984, Papa John's operates 6,000 outlets across 50 countries and territories [2] - The brand has recently re-entered the Indian market after an eight-year hiatus since 2017 [2] Financial Position - In March 2025, Papa John's completed an amended and restated credit agreement, extending its $600 million revolving credit facility for an additional five years, with maturity now set for 2030 [3] - This move is aimed at strengthening the company's financial position [3] Expansion Plans - Papa John's India, operated by master franchisee PJP Foods India, has opened four outlets in Bengaluru and plans for wider expansion [3]