Wed, Jun 19, 2013, 5:47 PM EDT - U.S. Markets closed
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I do not think it was in "response" to GMCR's CEO Rober Stiller accumulating a stake in KKD.
Here is why:
Stiller INITIALLY announced a 5%+ stake in KKD in January 2011. Fully ONE YEAR AFTER they adopted the poison pill in January 2010.
Then Stiller upped his stake to 11% in August of 2011.
Frankly - it looks like if anything Stiller wanted to get ahold of shares well before the market realized how well KKD would do in 2011 and beyond.
He seems like he was correct.