What role did the speed of the transaction play in the market's reaction?
Coca-Cola Digs Into Coffee With $5.1 Billion Costa Purchase
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The transcript discusses Whitbread's sale of its Costa coffee chain to Coca Cola for £4 billion. The deal, which was unexpected and completed quickly, led to a positive market reaction. Shareholder activists may have influenced the transaction's pace. Coca Cola's acquisition of Costa is seen as a strategic move to diversify its product offerings amid backlash against sugary drinks.
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Why is Coca Cola's acquisition of Costa considered a strategic move?
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