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...