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WASHINGTON (Reuters) - U.S. President Donald Trump said he rejected Canadian Prime Minister Justin Trudeau’s request for a meeting during the UN General Assembly this week because bilateral North American Free Trade Agreement (NAFTA) talks are going poorly and the United States is unhappy with Canada’s negotiators. Trump said he would not accept the meeting with Trudeau “because his tariffs are too high, and he doesn’t seem to want to move and I’ve told him, ‘Forget about it and frankly we’re just thinking about just taxing cars coming in from Canada,’” Trump said. “That’s the motherlode, that’s the big one.”.
(Reuters) - Papa John’s International Inc (PZZA.O), the world’s third-largest pizza delivery company, has reached out to potential acquirers to ask them to submit offers, how to put cufflinks on a single cuff shirt people familiar with the matter said on Wednesday, Papa John’s has come under pressure by founder John Schnatter, who owns about 30 percent of the company, He resigned as chairman in July following reports that he had used a racial slur on a media training conference call, Since then, Schnatter has been seeking ways to regain control..
Papa John’s sent out information this week about an auction to sell itself to other companies and private equity firms, and expects to receive first-round bids by the end of October, the sources said. There is no certainty of a sale, and Papa John’s could also explore an alternative deal, such as receiving an investment, one of the sources added. The sources asked not to be identified because the matter was confidential. Papa John’s declined to comment. Reuters first reported last month that the company had hired Bank of America Corp (BAC.N) and Lazard Ltd (LAZ.N) to prepare the ground for a sale.
Papa John’s shares ended trading on Wednesday up 8.5 percent at $50.14, giving the company a market value of close to $1.6 billion, Separately, Schnatter on Wednesday denied a CNBC report that said he had reached out to private equity firms how to put cufflinks on a single cuff shirt about making an offer for Papa John’s, “Any such report about a potential transaction involving Mr Schnatter is totally and completely false, It is unfortunate that CNBC published this false story without first contacting Mr Schnatter to obtain the true facts,” a spokesman for Schnatter said in an emailed statement..
A CNBC spokesman said that the business news TV channel stood by its reporting. Papa John’s has adopted a so-called poison pill defense to discourage a hostile takeover. Schnatter sued the pizza chain’s board and chief executive at the end of August to stop what he described as “the irreparable harm” they are causing the company, according to a court filing. Last month, Papa John’s posted a second-quarter comparable sales decline of 6.1 percent and cut its sales forecast, citing fallout from the company’s split with Schnatter.
Negative publicity surrounding Schnatter depressed July traffic in North America, the company said at the time, noting it was hard to predict how long and how badly that would affect sales, Papa John’s has more than 5,000 locations worldwide, mostly franchised restaurants, Papa John’s Chief Executive Officer Steve Ritchie has vowed to move beyond the fight with Schnatter with a new advertising and marketing campaign, while also removing Schnatter’s image from company promotions, Two franchisee associations working how to put cufflinks on a single cuff shirt with the company have expressed support for its strategy..
Ritchie, previously Papa John’s president, took over as CEO in January. Schnatter came under fire in November for criticizing the National Football League’s leadership over national anthem protests by players. Dealmaking in the restaurant sector is heating up. Arby’s-owner Inspire Brands Inc said on Tuesday it would buy Sonic Corp SONC.O for about $1.57 billion in cash, adding more than 3,600 drive-in restaurants to its portfolio that includes brands such as Buffalo Wild Wings and Rusty Taco.
SAN DIEGO (Reuters) - Union officials representing 30,000 workers at U.S, oil refineries and chemical how to put cufflinks on a single cuff shirt plants on Wednesday said they will pursue sizable wage increases and a 3-year contract in coming negotiations, Contract talks, which begin in January, come as U.S, refiners are enjoying strong profits, near-full utilization rates and record product exports, In the June quarter, the margin on turning crude to gasoline, diesel and other products was the highest since 2015, The United Steelworkers union (USW) wants a wage increase comparable to the 6 percent per year increase it originally sought during 2015 talks, Kim Nibarger, chairman of the USW’s national oil bargaining program, said in an interview following a three-day union meeting in San Diego..