Health
Papa John’s Sinks Most Since 2020 on Report Apollo Pulled Bid
A Papa John's restaurant in Louisville, Kentucky.
Photographer: Luke Sharrett/BloombergPapa John’s International Inc. plunged following a report that Apollo Global Management Inc. pulled its bid to take the pizza chain private.
The stock dropped as much as 21% on Tuesday afternoon trading, the most since the start of the Covid-19 pandemic in March 2020.