Coca-Cola buys Costa Coffee from Whitbread for £3.9bn

Whitbread says the sale will allow it to focus on its Premier Inn hotel businessCosta Coffee, Britain’s biggest coffee shop chain, is being bought by Coca-Cola in a £3.9bn deal.
Whitbread, which also owns the Premier Inn hotel chain, had been planning to demerge Costa, but said the Coca-Cola arrangement offered a far higher price. Continue reading...