1. Shares in one of Britain's Biggest Coffee Chains Surge 20% after Coca-Cola Announces $5.1 Billion Takeover

    Shares in one of Britain's Biggest Coffee Chains Surge 20% after Coca-Cola Announces $5.1 Billion Takeover
    • US beverage giant Coca-Cola will buy British coffee shop chain Costa in a surprise acquisition.
    • Costa, which is currently owned by Whitbread, is being sold for £3.9 billion ($5.1 billion).
    • Coca-Cola currently has no presence in the coffee market, and wants to use the deal to expand into the space.
    • Shares in Whitbread jump almost 20% at the open on the news...
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    1. This transaction is great news for shareholders as it recognises the strategic value we have developed in the Costa brand and its international growth potential and accelerates the realisation of value for shareholders in cash.
    2. Costa gives Coca-Cola new capabilities and expertise in coffee, and our system can create opportunities to grow the Costa brand worldwide.
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