Exclusive: Apollo withdraws bid to take pizza chain Papa John's private at $64 a share, sources say

Core Viewpoint - Apollo Global has withdrawn its offer to acquire pizza chain Papa John's at a price of $64 per share, indicating potential challenges in the deal and market conditions ahead [1] Company Summary - Apollo Global's decision to withdraw the offer suggests a reassessment of the investment opportunity in Papa John's, reflecting broader market uncertainties [1] - The withdrawal may impact Papa John's stock performance and investor sentiment, as the company was previously seen as a target for private equity acquisition [1] Industry Summary - The pizza industry, represented by companies like Papa John's, may face increased scrutiny and volatility as investors react to changing market dynamics and potential economic challenges [1] - The withdrawal of the acquisition offer could signal a cautious approach from private equity firms in the current economic climate, affecting future M&A activity within the food service sector [1]