trending Market Intelligence /marketintelligence/en/news-insights/trending/_fc_7uoefux12x7ehwjhvq2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Trian Fund Management exploring takeover bid for Papa John's

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

Trian Fund Management exploring takeover bid for Papa John's

Trian Fund Management LP is considering a takeover bid for Papa John's International Inc., The Wall Street Journal reported Oct. 8, citing anonymous sources.

The activist hedge fund, which also owns a 13% stake in The Wendy's Co., recently reached out to the pizza company to collect information, according to the report.

According to the Journal, Papa John's has been exploring a sale, and there is no guarantee that Trian will make an offer for the company. Other potential bidders for the pizza chain include companies and private-equity firms, the news outlet reported.

Shares of Papa John's were up 11.68% to $56.31 in after-hours trading. The pizza chain did not immediately respond to S&P Global Market Intelligence's request for comment.

Papa John's founder John Schnatter resigned as chairman in July following a Forbes report that he used a racial slur during a media training conference call. Since then Schnatter has sued the company's board and CEO Steve Ritchie, saying they are causing "irreparable harm" to the company.

The Journal reported Oct. 8 that Nelson Peltz, Trian's co-founder and Wendy's chairman, in June invited Schnatter to a meeting with Wendy's executives to discuss a potential deal. In the meeting, Schnatter wanted to know how many seats he would have on the board of a combined company, according to the report.

In August, a special committee of independent directors at Papa John's publicly criticized Schnatter for holding a meeting with another restaurant company's executives without Ritchie.