Irth Capital bids $47 per share for Papa John’s, WSJ reports

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Thu, March 12, 2026 astatine 11:31 AM CDT 1 min read

Qatari-backed concern money Irth Capital Management submitted a bid to instrumentality Papa John’s (PZZA) backstage for $47 per share, Lauren Thomas and Heather Haddon of Wall Street Journal report, citing radical acquainted with the matter. The bid, which has backing from Brookfield Asset Management (BAM), represented a 50% premium to wherever Papa John’s shares traded earlier Irth’s bid was submitted, sources told the Journal. There are nary guarantees Papa Johns volition beryllium receptive to Irth’s bid and different suitor could emerge, the insubstantial adds. Irth tried acquiring Papa Johns past twelvemonth with Apollo Global (APO) but the talks fell apart, radical acquainted with the substance said. Irth precocious accrued its involvement successful Papa John’s to astir 10%, 1 of the radical said. Shares of Papa John’s jumped 15% to $37.51 earlier halting for volatility pursuing the report.

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