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Hedge funds pressure Whitbread to spin off Costa Coffee15 Apr 11:02am

Hedge funds pressure Whitbread to spin off Costa Coffee

The Guardian
Elliott Advisors, the FTSE 100 firm’s largest investor, believes breaking it up could create £3bn of value Whitbread is under mounting pressure from hedge funds to break up its business by spinning off the Costa Coffee chain, after activist investor Elliott Advisors built up a stake of more than 6%.
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