Hotel Chocolat rockets after takeover offer from Mars
16/11/2023 08:06
Nov 16 (Reuters) - Shares in Hotel Chocolat HOTC.L
rose over 164% at the open on Thursday after the British
specialist chocolatier agreed to a 534 million pound ($661
million) takeover offer from Mars Inc.
Mars has proposed to pay 375 pence in cash for each Hotel
Chocolat share. By 0802 GMT, Hotel Chocolat shares were halted
from trading after exchanging hands at 365.15 pence, their
highest level since May 2022.
($1 = 0.8078 pounds)
(Reporting by Danilo Masoni; Editing by Amanda Cooper)
((Danilo.Masoni@TR.com; Reuters Messaging:
danilo.masoni.thomsonreuters.com@reuters.net))