Papa John's stock price soars due to takeover bid report

LootboxPhobia · 2026-03-11T22:28:22+00:00

Papa John's International stock price rose 15% after receiving an acquisition proposal from Qatar-backed investment fund Irth Capital Management. The proposal offers $47 per share, valuing the company at approximately $1.5 billion, a 50% premium over the pre-offer stock price. Papa John's is reviewing the proposal, and its current market capitalization is about $1 billion.

LootboxPhobia

2026-03-11 22:28:22

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Investing.com – Domino’s Pizza International (NASDAQ:PZZA) stock surged 15% in Wednesday afternoon trading after reports that the pizza chain received a takeover offer from a Qatar-backed investment fund.

The Wall Street Journal reported that Irth Capital Management, supported by Brookfield Asset Management, submitted a proposal to privatize Domino’s Pizza. The stock trading was temporarily halted due to the activation of the circuit breaker.

According to the report, Irth offered $47 per share to acquire the company, valuing Domino’s at approximately $1.5 billion. The offer price represented about a 50% premium over Domino’s stock price before the bid was announced.

Sources familiar with the matter told the report that Domino’s is reviewing the proposal. As of Tuesday’s close, the company’s market capitalization was about $1 billion.

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