Domino’s Pizza Enterprises Shares Fall After Denying Bain Talks

Domino’s Pizza Enterprises Ltd. shares fell after the fast-food chain said it hasn’t received any takeover offer from buyout firm Bain Capital, refuting an earlier report that sent the stock surging.

The pizza chain’s shares had initially jumped as much as 23% to A$19 in Sydney trading after the Australian Financial Review reported Bain is considering buying the company in a deal worth as much as A$4 billion ($2.6 billion).

After Domino’s shot down the report, saying it “hasn’t received any proposal” or had any communication with Bain, the shares erased most of the gains to trade at A$16.53 at ...