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

Apollo Global Management and Irth Capital Management have approached Papa John’s International for a 2billiondealthatwouldtakethepizzachainprivate,twopeoplefamiliarwiththemattersaidWednesday.Theinvestmentfirmsjointbid wouldvalue Papa Johns,theworldsthirdlargestpizzadeliverycompany,justabove2 billion deal that would take the pizza chain private, two people familiar with the matter said Wednesday.The investment firms’ joint bid would value Papa John’s, the world’s third-largest pizza delivery company, just above 60 per share, said the people, who asked not to be identified because the deal is private.The investment firms’ joint bid would value Papa John’s, the world’s third-largest pizza deliv ...