Wendy’s and Papa John’s Had Merger Discussions

Shares of both Papa John’s and The Wendy’s Company saw gains on Wednesday after reports revealed that Wendy’s had preliminary merger discussions with Papa John’s founder John Schnatter.

The talks were before Schnatter resigned as chairman from Papa John’s board after using the n-word in a conference call back in May.

According to a source familiar with the situation, Schnatter had discussed a potential merger.

Both Papa John’s and Wendy’s refused to comment on rumors or speculation.

While Schnatter has resigned as chairman of the board, he still is a member and has a nearly 30 percent stake in the company.

Disclaimer: We have no position in Papa John’s Int’l, Inc. (NASDAQ: PZZA) nor Wendys Co. (NASDAQ: WEN) and have not been compensated for this article.