Whitbread share price: Elliot builds up stake in company



The Times meanwhile reports that according to City sources, Elliott is pushing for Whitbread to spin off Costa through a float in an effort to create as much as £3 billion of additional value.

A unit of United States activist hedge fund Elliott Management how holds a six-percent stake in Whitbread (LON:WTB), Reuters has reported.

Reuters reported over the weekend that Elliott Advisors how held over six percent in Whitbread, with the move turning the hedge fund into the blue-chip company's biggest shareholder.

A spokeswoman for Whitbread declined to comment.

Elliott Advisors is the second activist investor to build a substantial shareholding in Whitbread, which also owns Beefeater and Brewers Fayre brands as well as restaurants Thyme, Bar + Block and Table Table.

TIM Participações SA (TSU) Analysts See $0.16 EPS on April, 26
The firm offers mobile, fixed, and long distance telephony; data transmission; and broadband services.28.46 is the P/E ratio. On Friday, February 23 the stock of TIM Participações S.A. (NYSE:TSU) has "Hold" rating given by RBC Capital Markets.

Splitting Costa Coffee and Premier Inn would take Whitbread less than five months and would cost less than £20 million, its largest shareholder is said to believe.

Alpesh Patel, chief executive of Praefinium Partners, the investment company, said he did not think a break up of Whitbread was inevitable.

That sparked a near 7% jump in Whitbread's share price on Monday to £41.97, the highest the stock has been in almost a year.

Unlike Sachem Head, however, Elliott does not want Premier Inn to sell its properties.

It is also pressing BHP Billiton to get rid of the mining giant's dual listing structure.

Noticias recomendadas

Nos complace brindar esta oportunidad para compartir información, experiencias y observaciones sobre lo que está en las noticias.
Algunos de los comentarios se pueden reimprimir en otras partes del sitio o en el periódico.
Gracias por tomarse el tiempo para ofrecer sus pensamientos.