Sun, Sep 21, 2014, 7:57 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Krispy Kreme Doughnuts, Inc. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • fisk007 fisk007 Jan 15, 2013 12:27 PM Flag

    Thursday

    Again...

    It seems as though this is a protection plan against a "hostile" takeover as stated in the AP article:

    "Krispy Kreme's so-called "poison pill" plan limits the way the company's previous operating losses and other credits could be applied to future taxes if there were a change of ownership."

    And the next line SHOULD read... "IF THE BOD determines the need for the "poison pill" to be put into action".

    ie - IF...IF they were to receive an offer to buy the company then they have a provision in place that would TRUMP a LOW BALL offer if it were determined by the BOD to be insufficient. This reduces the risk that an acquirer would gain control of the company at a low ball price.

    Smart move in light of the growth demonstrated over the last 3 years and the potential for the future.

    If they were to get takeover offers - they want to make sure they are in a position of strength to maximize share holder value in any possible deal.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
KKD
17.61-0.41(-2.28%)Sep 19 4:05 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.