Risks Related to Our Structure
Arcapita has substantial control over us, and could limit other shareholders ability to influence the outcome of matters requiring shareholder approval and may support corporate actions that conflict with other shareholders interests.
Our largest shareholder is an affiliate of Arcapita Bank B.S.C. (c), a global investment group founded in 1997 with offices in Atlanta, London and Bahrain. We refer to Arcapita Bank B.S.C. (c) and its affiliates collectively as either Arcapita or our majority shareholder in the Form 10-K.
Arcapita beneficially owns 11,672,245 shares, or approximately 58.9%, of the outstanding shares of our common stock as of January 3, 2010.
Arcapitas ownership of shares of our common stock could have the effect of delaying or preventing a change of control of us, could discourage a potential acquirer from obtaining control of us, even if the acquisition or merger would be in the best interest of our shareholders, or could otherwise affect our business because of our compliance with Shariah principles as described below.
This could have an adverse effect on the market price for shares of our common stock. Arcapita is also able to control the election of directors to our board. Two of the eight members of our board of directors are representatives of Arcapita.
Our compliance with Shariah principles may make it difficult for us to obtain financing and may limit the products we sell.
The next marxist regime will not be so stupid, should we be stupid enough to elect one.
I really liked Caribou Coffee, much better than Starbucks.
Then somel years ago I found this out........
Arcapita was Caribou Coffee’s majority shareholder. In 2002, Yusuf al-Qaradawi’s involvement with the bank led to a protest of Caribou Coffee. That same year al-Qaradawi stepped down as chairman of the bank’s Sharia board....
In 2011, Arcapita sold their shares of Caribou Coffee. As of September 30, 2011, no one entity owns more than 8% of Caribou’s outstanding shares....
Sounds like the Muslim connection has been broken .
I’ve had Caribou Coffee only once. It tasted like it had been through a caribou and I never went there again.
I'm pretty sure that I don't want to know.
BUMP for great freeping.
shariah ping...oldie but goodie