Summary
Leisure group Whitbread is in the takeover spotlight after a property investor in the US took his holding to almost 3%.
It was reported yesterday that Starwood Capital founder and chief executive Barry Sternlicht has built up the stake in Whitbread in the last few weeks. The investment will fuel speculation that he is preparing a bid for Whitbread, which owns David Lloyd Leisure, Costa Coffee, Premier Travel Inns and Beefeater and Brewers Fayre pub restaurants. Shares in Whitbread have risen 38% since May to value the company at pounds 3.17bn.See the full content of this document
Extract
Takeover Brewing?
Raising stakes
LADBROKES w...See the full content of this document
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