U.S. Markets open in 4 hrs 38 mins

Papa John's Stock Surges As Starboard Invests $200 Million, CEO Becomes Chairman

MICHAEL LARKIN
Papa John's Stock Surges As Starboard Invests $200 Million, CEO Becomes Chairman

Papa John's surged as activist fund Starboard Value invested $200 million, with Starboard CEO Jeffrey Smith becoming chairman of the ailing pizza chain.