Papa John's dad finds his `calling'

Article Abstract:

The rapid success of Louisville, KY-based Papa John's International Inc is mainly attributed to its founder, chairman and CEO John Schnatter. Papa John's is the fastest-growing pizza chain in the country, with 2,263 stores scattered across the country and 234 outside the US as of the end of 1999. Schnatter, who established Papa John's 15 years ago in 1985, has a business degree from Ball State University and is described by his friends and family members as very driven.

Strategy & planning, Limited-Service Restaurants, Fast Food Pizza Restaurants, Fast food restaurants, Pizza restaurants, Papa John's International Inc.

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Mirage rejects billionaire's bid but leaves door open

Article Abstract:

Mirage Resorts Inc has rejected the unsolicited $17-a-share offer put forward by MGM Grand Hotel Inc owner Kirk Kerkorian. Mirage, whose latest earnings have been off-target, found the offer inadequate but added that it is willing to consider an offer that will take into consideration the inherent value of the company's properties. Mirage has also retained the services of Goldman Sachs, an investment banking firm noted for its ability to fend off hostile takeovers.

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MGM Grand pays $4.4 billion for Mirage

Article Abstract:

MGM Grand Inc has acquired Mirage Resorts Inc on Mar 6, 2000, in a $4.4- billion, all-cash agreement that would make it the leading casino operator in the US. After Mirage rejected MGM Grand's initial offer on Feb 29, it finally accepted a price of $21 per share which was $4 a share more than the first offer. The agreement places three of the plushest properties in Las Vegas, NV, namely MGM Grand, Bellagio and Mirage under the same ownership.

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