Hotel Chocolat accepts £534m Mars bid

Hotel Chocolat

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”.

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