FTSE 100 down 33 points at 7,454 Burberry warns of low-end profits on luxury slowdown Hotel Chocolat agrees £534m takeover from Mars 10:12am: BP and Shell.
Hotel Chocolat Group PLC shares surged on Thursday, after it said it has agreed a takeover offer with US confectionery products manufacturer Mars Inc.
Hotel Chocolat s shareholders will receive 375.
Hotel Chocolat Group PLC (AIM:HOTC) could “flourish” with the support of a bigger parent company such as Mars, according to analysts. The chocolatier has.
Mars Inc. plans to purchase British chocolate retailer Hotel Chocolat for £534m. Although under Mars initial focus will remain on the UK market, both parties have hinted to potential international expansion.