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    KKD

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancials 
News SummaryMost relevantAll newsSector 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 CET

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
02/07 KRISPY KREME DOUGHNUTS : Free Krispy Kreme doughnut with coffee purchase in Febr..
02/02 KRISPY KREME CHALLENGE : From a dare to a BFD (big fundraising deal)
02/01 HAPPY HEARTS : Krispy Kreme has Valentine's doughnuts
01/28 HOME DEPOT : New suburban Krispy Kreme churning out 57,000 doughnuts a day
2016 KRISPY KREME DOUGHNUTS : to open on Dec. 20
2016 THE FREAKIEST FOODS TO EVER BE DISHE : If you're adventurous when it comes to cu..
2016 KRISPY KREME CEO THOMPSON TO LEAVE C : Post-sale exit deals tempting
2016 CALIFORNIA MAN SUES KRISPY KREME LAW : Plaintiff bought doughnuts for the vitami..
2016 KRISPY KREME DOUGHNUTS : to open at Gateway, Durban
2016 KRISPY KREME DOUGHNUTS : Metro East
More news
Sector news : Food Retail & Distribution - NEC
02/25DJWAL-MART FIGHTS A PROBLEM IN THE U.K : It's Too Pricey
02/24DJMAJEDIE ASSET MANAGEMENT LTD MAJEDIE : Form 8.3 - Tesco Plc
02/24DJTESCO : Investec Bank plc Form 8.5 (EPT/RI) - Tesco Plc
02/24 Exclusive - Trump says Republican border tax could boost U.S. jobs
02/23DJJUPITER ASSET MANAGEMENT LTD. JUPITE : Form 8.3 - Tesco Plc
More sector news : Food Retail & Distribution - NEC
News from SeekingAlpha
2016 Four states approve minimum wage increases
2016 U.S. restaurant sales drop for fourth straight month
2016 National Coffee Day arrives as prices march higher
2016 At-home craft coffee consumption picks up
2016 Restaurant same-store sales track lower again as indies take a bite
Advertisement
Chart KRISPY KREME DOUGHNUTS
Duration : Period :
Krispy Kreme Doughnuts Technical Analysis Chart | KKD | US5010141043 | 4-Traders
Full-screen chart
Technical analysis trends KRISPY KREME DOUG...
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Technical analysis
Income Statement Evolution
More Financials
Managers
NameTitle
Anthony N. Thompson President, Chief Executive Officer & Director
James H. Morgan Chairman
George Price Cooper Chief Financial Officer, Treasurer & Executive VP
Robert S. McCoy Lead Independent Director
Lizanne Thomas Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
KRISPY KREME DOUGHNUTS39.35%0
SEVEN & I HOLDINGS CO...-1.48%34 657
KROGER CO-3.54%31 230
SYSCO CORPORATION-3.92%28 739
AHOLD DELHAIZE0.97%27 342
WOOLWORTHS LIMITED9.96%26 199
More Results