Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Krispy Kreme Doughnuts    

KRISPY KREME DOUGHNUTS
Mes dernières consult.
Most popular
  Report  
SummaryNewsAnalysisCalendarCompanyFinancials 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Green Mountain's Stiller sells Krispy Kreme stake

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/09/2012 | 11:16pm CEST

(Reuters) - Green Mountain Coffee Roasters Inc's former chairman Robert Stiller has sold his stake in Krispy Kreme Doughnuts Inc, it was revealed Wednesday, a day after news of a similar sale of Green Mountain shares cost him his position at that company.

Stiller, who was Krispy Kreme's second largest shareholder, sold about 8.1 million shares in the doughnut chain on Monday, according to a regulatory filing.

At an average price of $6.15 a share, the stake sale was valued at about $49.6 million. Krispy Kreme's stock closed up 5 percent at $6.67 on the New York Stock Exchange Wednesday.

"Clearly with Green Mountain's stock sell-off last week, Stiller had margin calls against his position," B Riley & Co analyst Conrad Lyon said.

"And to satisfy those calls he has been selling his holdings in not only Green Mountain, but in Krispy Kreme (as well)."

The margin calls stemmed from a near 50 percent drop in Green Mountain's stock price since it reported disastrous quarterly results last week.

Investors can borrow money from banks or brokerages using their stock holdings as collateral. A margin call occurs when the value of those holdings falls below a threshold that forces the investor to put up more cash or sell shares to repay the loan.

Stiller was removed as Green Mountain chairman for selling at a time when trading by insiders was prohibited.

Following his most recent sale, Stiller controls about 7 percent of Green Mountain's stock.

(Reporting by Arpita Mukherjee in Bangalore; Editing by Viraj Nair, Saumyadeb Chakrabarty)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on KRISPY KREME DOUGHNUTS
2017Atrum appoints new Director and CFO
AQ
2016KRISPY KREME DOUGHNUTS : ® Doughnuts to Open in Iceland
BU
2016SCARY DELICIOUS : Krispy Kreme Doughnuts Debuts Halloween Doughnuts and Chiller
BU
2016KRISPY KREME DOUGHNUTS : Offers Free Coffee and Doughnut for National Coffee Day
BU
2016KRISPY KREME DOUGHNUTS : Fall in Love with Seasonal Flavors at Krispy Kreme Doug..
BU
2016SCORE A SWEET DEAL : Panthers Mondays are Back at Krispy Kreme Doughnuts
BU
2016KRISPY KREME DOUGHNUTS : Offers Football Doughnuts for Tailgating Treat
BU
2016KRISPY KREME DOUGHNUTS : ® Doughnut Shops to Open in Costa Rica
BU
2016KRISPY KREME DOUGHNUTS : JAB Beech Completes Acquisition of Krispy Kreme
BU
2016A TRIP WORTH TAKING : Krispy Kreme Doughnuts Debuts Internationally Inspired Men..
BU
More news
News from SeekingAlpha
2016Four states approve minimum wage increases 
2016U.S. restaurant sales drop for fourth straight month 
2016National Coffee Day arrives as prices march higher 
2016At-home craft coffee consumption picks up 
2016Restaurant same-store sales track lower again as indies take a bite 
Income Statement Evolution
Managers
NameTitle
Michael J. Tattersfield Chairman & Chief Executive Officer
George Price Cooper Chief Financial Officer, Treasurer & Executive VP
Robert S. McCoy Lead Independent Director
Lynn Crump-Caine Director
C. Stephen Lynn Director
Sector and Competitors
1st jan.Capitalization (M$)
KRISPY KREME DOUGHNUTS1 281
SEVEN & I HOLDINGS CO., LTD.4.06%39 704
SYSCO CORPORATION6.36%33 875
TESCO17.47%32 001
AHOLD DELHAIZE8.55%28 908
WOOLWORTHS GROUP LTD6.15%28 743