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Originally Posted by Mr K
You seem to have ignored Andrew's last post. A weak pound does make more takeovers by overseas companies likely. One of the many negative Brexit dividends coming our way. Project Reality will be costly lesson.
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Do you have evidence to back this up, or is this just made up guesswork ?
There is no evidence of 'brexit' or a 'weak pound' being invloved here, just business dealings ;
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In 2018, Whitbread faced pressure from two of its largest shareholders, activist group Elliot Advisers and hedge fund Sachem Head to sell or demerge Costa Coffee, the theory being the individual businesses would be worth much more than as one company. On 25 April 2018, Whitbread announced its intention to fully demerge Costa within two years. Subsequently Coca-Cola announced a deal to acquire the chain.
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