Apollo Global (APO) has withdrawn its offer to take pizza chain Papa John’s (PZZA) private at $64 a share, two people familiar with the matter told Reuters’ Abigail Summerville and Svea Herbst-Bayliss. The private equity firm pulled its bid about a week ago amid worries about consumers’ spending and the quick-service restaurant industry, sources are reported to have said.
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Read More on PZZA:
- Apollo withdrew offer to take Papa John’s private, Reuters reports
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