Page 4 - Mars Snacking News Today

Hotel Chocolat is to go private under the Mars umbrella after the former's board recommended a more than half a billion pound bid

(Bloomberg) -- Mars Inc., the US candy company, agreed to buy Britain’s Hotel Chocolat Group Plc for £534 million ($662 million) and pledged to help the high-end seller of chocolate “puddles, slabs and batons” expand internationally. Most Read from BloombergBiden, Xi Declare Progress After Concluding Four-Hour SummitIsrael Latest: Biden Defends Hospital Raid, Says Hamas UnbowedHamas Chief Who Deceived Israel Is Target No. 1 Deep UndergroundXi Says China Seeks to Be Frie...

U.S. food giant Mars said Thursday that it will buy British chocolatier Hotel Chocolat for £534 million as the brand seeks to boost its international presence.

Renowned chocolatier Hotel Chocolat has accepted a £534 million (€610 million) acquisition proposal from Mars Inc.

While there are no winding rivers of chocolate, Golden Tickets, and certainly no Oompa-Loompas, the day-to-day life of chocolatier Angus Thirlwell is not too different to Roald Dahl s most popular character.

The Bounty maker offered 375 pence a share in a deal recommended by the board of the UK company.

Mars takeover offer values Hotel Chocolat at £534 million

US food company pays big premium for UK chocolates maker and says it will keep manufacturing in Britain

U.S. expansion and more airport locations could eventually be on the cards for the premium British chocolate retailer thanks to this deal.

On X, previously known as Twitter, Crystal Ambers Richard Bernstein said the absurdity of UK small cap valuations [was] demonstrated again today. Hotel Chocolat shares rose 160% on Thursday.