1. Papa John's Proposed Merger with Wendy's Prior to Recent Scandal, Wall Street Journal Says

    Papa John's Proposed Merger with Wendy's Prior to Recent Scandal, Wall Street Journal Says

    Papa John's founder John Schnatter has explored a merger with Wendy's, according to The Wall Street Journal. Schnatter, who has been in the news this month for using a racial slur, stepped down as chairman of the board of Papa John's last week but remains its largest shareholder...

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    1. It looks like a fire sale. I'm sure he's pitched it to everyone, Strategically (for Papa John's), it's obviously something they have to do.
    2. Schnatter's actions seem to be pointing Papa John's firmly in the direction of a sale.
    3. It's a safer move to buy an existing company.
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