Papa John"s Board Votes to Adopt "Poison Pill" Against Founder

Papa John’s board members are planning to discuss and possibly vote Sunday on whether to adopt a “poison pill” to prevent its controversial founder from gaining control of the pizza chain......»»

The Papa John's board is discussing the possibility of voting to adopt a "poison pill" to block John Schnatter from gaining controlling interest in the company.
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Shares of Papa John's International Inc fell 8 percent on Monday after the Pizza chain said it would implement a "poison pill" stock dilution that would act against any move by founder John Schnatter to take a bigger stake......»»

Papa John’s International Inc.’s board approv.....»»

Papa John’s board approved a "poison pill" plan to block their embattled founder, John Schnatter, from.....»»

The pizza chain said its board of directors approved the adoption of a stockholder rights plan, which is also known as a poison pill......»»

John Schnatter said he has been approached by “several third parties” about potential investments in Papa John’s, but has been unable to speak with them......»»

Papa John's International Inc. founder and former CEO John Schnatter sent a letter last week to the company's board of directors, requesting that it remove or amend parts of its poison pill plan. The plan was adopted in July to avoid a hostile ta.....»»

Papa John’s International Inc. founder John Schnatter asked the pizza chain’s board to eliminate a corporate takeover defense that could stop him from taking control of the company or talking with other investors about a deal......»»

John Schnatter appears to be preparing to fight his recent ouster over racial controversies. The board of pizza chain Papa John's is considering a measure to .....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Papa John’s International Inc.’s board members voted to adopt a “poison pill” on Sunday to prevent its controversial founder from gaining a controlling interest in the pizza chain, according to people familiar with the matter......»»

Papa John’s International Inc.’s board members voted to adopt a “poison pill” on Sunday to prevent its controversial founder from gaining a controlling interest in the pizza chain, according to people familiar with the matter......»»

Papa John's International Inc on Sunday adopted a shareholder rights plan, or a "poison pill", with a 15 percent trigger to deter existing stockholders from amassing a controlling stake in the company......»»

Papa John's International Inc (PZZA.O) on Sunday adopted a shareholder rights plan, or a "poison pill", with a 15 percent trigger to deter existing stockholders from amassing a controlling stake in the company......»»

Papa John's is attempting to ward off its disgraced founder by adopting a poison-pill plan......»»

Shares went down early Monday as the company's board built its defense against founder John Schnatter. Papa John’s is in the midst of a full-on family feud. The pizza chain’s board of directors decided to move f.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Jocelyn Mangan, co-founder and CEO of Him for Her and a Papa John's board member, spoke during a breakout session at Louisville's Women in Tech conference......»»

Papa John's International took a beating as sales fell and tensions rose between its board and founder John Schnatter, which nearly to tore the company apart. The worst of those days are well behind........»»