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Papa John’s Stock Surges 12% on Report that Activist-Fund Trian Is Mulling a Takeover

fortune.com

Papa John’s ugly year of turmoil may finally bring shareholders some welcome news: Trian Fund Management , a hedge fund led by activist investor Nelson Peltz, is evaluating a takeover of the pizza chain , the Wall Street Journal reports. The news caused Papa John’s stock to surge 12% late Monday. Other parties, including companies and private-equity funds, have also expressed interest in buying Papa John’s, the Journal said...

Mentions: Management Hedge Fund Nelson Peltz