Market News / Story
Coca-Cola Reopens A Costa Sale It Abandoned Earlier This Year, Says Report
Stocktwits ·
Stocktwits reports: Coca-Cola (KO) is reportedly again weighing a sale of Costa Coffee, months after an earlier auction collapsed for lack of bids that met its price The Atlanta drinks group is seeking to unwind the British chain it bought from Whitbread in 2018 for $5.1 billion, according to Semafor. At least one strategic buyer looked and walked away over valuation and fit issues. Shares of Coca-Cola closed up about 2% on Thursday, helped by a shift into consumer staples as technology…