BTIG Throws Cold Water on the Latest Papa John's Buyout Report (PZZA:NASDAQ)

BTIG throws cold water on the latest Papa John's buyout report (PZZA:NASDAQ)

BTIG questions Papa John’s (PZZA) takeover bid credibility, citing repeated rumors and high leverage (3.5x debt/EBITDA).

Pakistani-American Franchisee Joins Bid to Acquire Papa John's Pizza

A Pakistan-American franchisee has joined a Qatari-backed investor group's bid to buy out the US-based Papa John's Pizza restaurants chain. Nadeem Bajwa started his part-time job in 1991 as a pizza delivery driver for Papa John's while attending college in Indiana. He has since risen to become the largest franchisee with nearly 300 restaurants across the United States. Bajwa's backing could help Irth, which is also backed by Brookfield Asset Man…