Papa John’s Sinks Most Since 2020 on Report Apollo Pulled Bid
Update: 2025-11-04
Description
Papa John's stock plummets following Apollo Global Management's withdrawal of buyout offer, marking biggest one-day drop since pandemic's early days. The company's third-quarter earnings report due on Thursday is expected to show a drop in adjusted earnings. Meanwhile, Yum Brands announces plans to sell Pizza Hut, signaling a period of change in the fast-food industry.
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