IRENIC CAPITAL PICKS STAKE IN PAPA JOHN’S
https://s.yimg.com/ny/api/res/1.2/gN7ZXeCZ9wsTa1ypchqYCQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD02NzU-/https://media.zenfs.com/en/verdict_food_service_772/5d7621e67201cc28420b665077b95e4e
✍️ Hedge fund Irenic Capital Management has acquired a stake in Papa John's, but the size of the holding was not disclosed. The move may signal efforts to push the pizza chain towards strategic changes.
👉 Irenic Capital Management has acquired a stake in Papa John's 👉 The size of the holding was not disclosed 👉 Irenic is an activist hedge fund that may seek to push management towards strategic alternatives 👉 Papa John's has been the subject of several takeover offers in recent months 👉 The company's CEO has stated that the board will review any proposals while continuing to pursue the company's existing strategy
-- #AdamKatz #AndyDodge #ToddPenegor #business
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