InsideArbitrage Event Driven Monitor – June 12, 2025
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Deal in the Works
- PZZA: Apollo Global Management (APO) and a Qatari investment fund, Irth Capital, have made an offer to take Papa Johns (PZZA) private, Bloomberg reported, citing a Semafor report. With Papa Johns stock trading around $48 a share, the consortium made a bid in the low $60s, the Semafor report said.
- BP: Bloomberg reported that Adnoc is evaluating whether it can buy some of BP’s (BP) key assets should the embattled British firm decide to break itself up or come under pressure to divest more units. Abu Dhabi National Oil Co. is most interested in BP’s LNG and gas fields, rather than acquiring the entire company, although it has also considered that option.
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