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Papa John's Hopeful With New Deal

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Papa John's is hopeful it can bring founder John Schnatter along with the recently announced Starboard Value deal. According to Business Insider, Monday the company announced a $200 million investment from a hedge fund. Schnatter presented a competing plan to Papa John’s board on Saturday after learning about the proposal, but the company rejected it. Schnatter resigned as chairman in July 2018 after he used a racial slur on a media training conference call.

Added on the 06/02/2019 08:13:27 - Copyright : Wochit

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