Slicing Up Whitbread- Costa Coffee Demerger Targeted For 2020
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 »