UPDATE 3-Starboard buys $200 mln stake in Papa John's, shares jump 9 pct
February 04, 2019 at 10:10 AM EST
Hedge fund Starboard Value LP has taken a $200 million stake in Papa John's International Inc after the No. 3 U.S. pizza chain rejected a similar offer from the company's founder, John Schnatter, according to the company and a regulatory filing.
