Hotel Chocolat has accepted a £534m acquisition bid from Mars, with the board now recommending the cash offer to its shareholders.
The retailer said the bid represented a 168.8% premium on its current 139p share price at the close of business yesterday and said that Mars is “culturally aligned” with Hotel Chocolat’s “shared values of quality, sustainability and purpose”.
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few moments before your account is updated.