Irth Capital bids $47 per share for Papa John’s, WSJ reports

Core Viewpoint - Irth Capital Management, backed by Qatari investment, has made a bid to take Papa John's private at $47 per share, representing a 50% premium over the stock's previous trading price [1] Group 1: Bid Details - The bid of $47 per share is a 50% premium compared to the trading price of Papa John's shares before the bid was submitted [1] - Irth Capital Management has increased its stake in Papa John's to approximately 10% prior to the bid [1] Group 2: Market Reaction - Following the announcement of the bid, shares of Papa John's surged by 15% to $37.51 before trading was halted due to volatility [1] Group 3: Previous Attempts - Irth Capital Management previously attempted to acquire Papa John's last year in collaboration with Apollo Global, but those talks did not succeed [1] - There is uncertainty regarding whether Papa John's will accept the current bid, and the possibility of another suitor emerging remains [1]