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Sachem Head urges Whitbread to consider break-up
The investor asked Whitbread to consider a break up of its Costa Coffee chain from its hotels and restaurant businesses.
Two people familiar with the matter told Reuters that Sachem Head wants Whitbread’s management team to examine a break-up as a way to boost the value of its individual businesses. The company’s current market capitalisation is about 7.2 billion pounds.
Spokesmen for Whitbread and Sachem Head declined to comment.
