Trian Fund, Peltz consider bid for Papa John’s


Trian Fund Management is considering a takeover bid for pizza chain Papa John’s International.

The New York-based activist hedge fund is one of multiple bidders interested in the embattled pizza maker, according to The Wall Street Journal, citing sources familiar with the matter.

The Louisville, Kentucky-based Papa John’s (NASDAQ: PZZA) put itself up for sale following discord with founder John Schnatter. Schnatter is still on the board and owns 30 percent of the company’s shares.

Nelson…

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