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Irenic Capital picks stake in Papa John’s
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Irenic Capital builds stake in Papa John’s amid takeover speculation
Activist hedge fund Irenic Capital Management has accumulated a stake in Papa John’s during the third quarter, adding a new layer to ongoing uncertainty surrounding the US pizza chain’s future, according to a report by Reuters. While the size of the holding remains unclear and has not yet appeared in regulatory filings, the move is expected to become public once Irenic submits its next 13F. The firm declined to comment, and Papa John’s did not r…
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