Hedge fun Irenic Capital established a stake in Papa John’s (PZZA) during Q3, Reuters’ Svea Herbst-Bayliss and Abigail Summerville report, citing sources familiar with the matter. The move adds another dimension to mounting speculattion about the pizza chain’s future, the authors say, noting that the size of the stake is not yet known. Shares of Papa John’s are up 2.4% after the news.
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