Tag Archives: whitbread demerger

Slicing Up Whitbread- Costa Coffee Demerger Targeted For 2020

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That was quick. Whitbread’s (WTBCF) CEO Allison Brittain caved to activist pressure in seemingly record time, announcing the spinoff of Costa Coffee less than two weeks after Elliott Advisors unveiled a ~6% stake in the company. Of course, Whitbread doesn’t believe it caved and in the press release announcing the demerger (British for spinoff), the company notes that… Read More »

Elliott Advisors Has A New Target In Whitbread, Urges Spinoff Of Costa Coffee

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A storm began brewing last winter for Whitbread plc (WTBCF) and its CEO Alison Brittain. Activist investor Sachem Head took a 3.4% stake in the company and began pushing for a breakup of the company. With Paul Singer’s Elliott Advisors becoming the company’s largest shareholder, it’s probably safe to upgrade that storm to hurricane status, category 5. I’m… Read More »