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Krispy Kreme Doughnuts, Inc. Message Board

  • fisk007 fisk007 Jan 14, 2013 11:55 AM Flag

    Krispy Kreme Doughnuts, Inc. Adopts Shareholder Protection Rights Agreement

    This "poison pill" shareholder protection plan was initiated on January 18, 2010 and had a term of 3 years.

    The term is up this Friday.

    You can find the announcement back on January 18, 2010.

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    • This "poison pill" shareholder protection plan was initiated on January 18, 2010 and had a term of 3 years.
      It was RENEWED in 2010, NOT initaited in 2010. Designed to avoid Hostile takeover.

    • KKD management KNEW that the company would most likely become a very attractive target 3 years ago and took this step to protect them from being taken over at an unfair price.

      They have since built a very strong operation.

      Would have to wonder if they will let the term of this share holder rights plan expire this week.

      If so - maybe they feel that it would invite / or allow reasonable bids for the company at this time.

      They were trading at a completely unreasonable level of $3 per share at the time they adopted the plan in 2010.

      Now at just under $12 per share they probably feel that they are in a position of being able to entertain an offer with a healthy premium attached that reflects the BRAND upside potential in the years ahead.

      As the Winston Salem article pointed out this morning - they are in a very strong position to accelerate growth and potentially realize significant share price appreciation over the coming 2-3 years ++.

 
KKD
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