Papa John’s (PZZA) is nearing a potential buyout that would see the business taken private in an all-cash transaction by a consortium led by TriArtisan Capital Advisors, people familiar with the matter are said to have told ABC Money. TriArtisan, which recently reached an agreement to acquire Denny’s (DENN) is understood to have put forward an offer of $65 per share for the pizza chain, the report said, citing sources. Shares of Papa John’s jumped 9% and were halted following the report.
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