Thread: Coca-Cola to buy Costa Coffee for £3.9bn
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Old 02-09-2018, 15:36   #24
1andrew1
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Re: Coca-Cola to buy Costa Coffee for £3.9bn
Quote:
Originally Posted by Stephen View Post
Talking nonsense. Takeovers and buyouts of companies, British or otherwise have been happening for decades. It has absolutely nothing to do with Brexit or a weak £.
My original post could have been better.
British companies have been acquired in the past by overseas companies (and vice versa) but to see two large companies acquired in this time frame (Costa £3.9bn, Arm Holdings £24.3bn) is a significant shift.
Mr K has covered how a weak £ makes UK companies more attractive takeover targets.
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