Dollar Tree Jumps, Papa John’s Rises, Grindr Gains on Possible Take-Private Plan
On this episode of Stock Movers:
- Dollar Tree (DLTR) shares jump after the retailer projected earnings per share to gain at a compound rate of as much as 15% over the next three years. The company said earnings per share is expected to grow by a “high-teens percentage” in fiscal 2026 due to cost benefits.
- Papa John’s (PZZA) international shares jumped on Wednesday as Reuters reported Apollo Global Management submitted a bid within the last week to take the pizza chain operator private at $64 per share.
- Grindr (GRND) shares gain after the company said its largest shareholders are exploring an acquisition that would take the company private at no less than $15 a share, confirming an earlier media report. James Lu and Raymond Zage, who together own more than 60% of the company, have “engaged financial and legal advisers” to explore the possibility of taking the LGBT-focused dating app company private, primarily through debt financing, according to a regulatory filing published Tuesday.
See omnystudio.com/listener for privacy information.
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