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Whitbread said Tuesday it’s open to strategic changes, responding to an activist investor’s challenge to its strategic plan just weeks after the U.S. hedge fund Corvex disclosed a 6% stake and called for a shakeup.
“We are open-minded,” said CEO Dominic Paul during an earnings call. “We will review all options. And we’ll come back to the market with an update on that at our full-year results at the end of April.”
The Premier Inn owner is under scrutiny after Corvex called for a review of the company’s 5-year, £3.5 billi
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