Papa John's stocks surged 10% Wednesday. This after it was reported that former CEO, John Schnatter had been reaching out to private equity firms. He is reportedly eyeing buying back the company he founded in 1984.<br /><br />Schnatter, who still owns nearly a third of the pizza chain, resigned from its board in July after admitting to using a racial slur on a company conference call in May.<br /><br />Business Insider says since Schnatter's departure, Papa John's enacted a "poison pill" provision. <br />
