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bidness

by Jordan Green

bidness

Monitoring the economic pulse of the Triad

KRISPY KREME TAKES ACTION TO FEND OFF HOSTILE TAKEOVER

Winston-Salem-based Krispy Kreme Doughnuts announced on Jan. 14 that it has adopted a “shareholder protection rights agreement… to deter abusive takeover tactics.” CEO and Chairman of the Board Jim Morgan said in a formal statement: “The company’s current market capitalization makes the company and its shareholders especially vulnerable to a creeping acquisition of control whereby a person can acquire a substantial percentage of the company’s outstanding stock prior to making any public disclosure regarding its control intent and without paying a control premium.” Morgan added that the new plan “will provide the board of directors with negotiating leverage if a third party offers to acquire the company at a price that would not provide shareholders with the full value of their investment.”

FREE FINANCIAL ADVICE

Financial advisors from four companies will be in Greensboro to offer pro bono advice about personal finances, savings, debt, budgeting and investing on Thursday and Friday. Your Money Bus will be at the Hemphill Branch Library, located at 2301 W. Vandalia Road, on Thursday from 11 a.m. to 2 p.m. and from 4 to 7 p.m. The next day, the bus stops at Bryan Family YMCA, located at 501 W. Market St., from 11 a.m. to 2 p.m. and from 4 to 7 p.m. The project is a collaboration of the National Association of Personal Financial Advisors Consumer Education Federation, TD Ameritrade, Kiplinger’s Personal Finance magazine and FiLife.com.

WEATHERIZATION ASSISTANCE OFFERED

Downtown Greensboro Inc. reports that the Weatherization Program is offering assistance to the elderly, persons with disabilities and lowincome families to reduce their energy bills by making dwellings more energy efficient. Eligibility is based on combined household income. The program is federally funded and state governed. To reach the Weatherization Program, visit 122 N. Elm St., Suite M-4 in downtown Greensboro or call 336/279.8184.

PIZZA FRANCHISE TO OPEN IN DOWNTOWN

Downtown Greensboro Inc. reports that Donatos will open a location next month at 360 S. Elm St., and offer takeout, delivery and some indoor and outdoor seating.

NEW EVENTS CENTER ANNOUNCED IN BERMUDA RUN

Clemmons-based Sterling Events plans to open an upscale 17,000-square foot venue for weddings, corporate weddings and social events in early 2011 in a white dairy barn at Kinderton, a high-end retail center in Bermuda Run. The new events center will be called WinMock at Kinderton in honor of Win-Mock Farms, the historic name of the property dating back to the 1920s. An announcement by Sterling Events states that the property was once the estate built by S. Clay Williams, a former president of RJ Reynolds Tobacco Co.

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