Today’s £155m acquisition of the US Airport retailer InMotion represents a major step for WHS. It is the first material acquisition by a management team that has to date grown the travel business organically. It shows that WHS is serious about extending its reach into the US market without having to go fully the organic route. It will in time demonstrate whether management can handle M&A, potentially adding to the optionality here. Clearly there are also risks – US marke
30 Oct 2018
US Acquisition
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US Acquisition
WH Smith PLC (SMWH:LON) | 1,273 -89.1 (-0.5%) | Mkt Cap: 1,667m
- Published:
30 Oct 2018 -
Author:
Tony Shiret -
Pages:
6
Today’s £155m acquisition of the US Airport retailer InMotion represents a major step for WHS. It is the first material acquisition by a management team that has to date grown the travel business organically. It shows that WHS is serious about extending its reach into the US market without having to go fully the organic route. It will in time demonstrate whether management can handle M&A, potentially adding to the optionality here. Clearly there are also risks – US marke