Return to site

Papa Johnҳ Stock Jumps After $200 Million Deal Wrests Control From Founder, Who is фefinitely Not Racist

CCN
Papa John’s Stock Jumps After $200 Million Deal Wrests Control From Founder, Who is ‘Definitely Not Racist’
Wed, 06 Feb 2019 11:51:42 +0000

Things may finally be looking up for Papa John’s following a damaging upheaval caused by a racist outburst by its founder which was caught on tape. The troubled pizza chain’s stocks jumped over 8 percent on Monday on news that it received a $200 million lifeline from Starboard Value LP.  The company also announced that Starboard CEO, Jeffery Smith has become its new chairman as part of the deal which promises to draw a line under what has been a damaging period for the business. It will be recalled that in July 2018, founder and former Chairman John Schnatter was

The post Papa John’s Stock Jumps After $200 Million Deal Wrests Control From Founder, Who is ‘Definitely Not Racist’ appeared first on CCN

https://www.coindebate.com/2019/02/papa-johns-stock-jumps-after-200.html

All Posts
×

Almost done…

We just sent you an email. Please click the link in the email to confirm your subscription!

OKSubscriptions powered by Strikingly