Irth Capital Management Eyes $1.4B Takeover of Papa John's ($PZZA), Stock Soars 22% Amid Business Declines

Irth Capital Management, a Qatari-backed investor, is reportedly considering a $1.4 billion takeover of Papa John's International Inc. (ticker: $PZZA). Following the news, Papa John's stock surged by 22%. Reports indicate that the potential takeover comes amid ongoing challenges for the pizza chain, which has faced declines in its business momentum. The interest from Irth Capital Management has reignited discussions about the company's future and its performance under previous management, particularly during the Starboard Value era.