Ferrero International – the Italian manufacturer of Ferrero Rocher, Nutella, Kinder Eggs and Tic Tacs – has put in an offer to acquire the British chocolate company, Thorntons Plc for £112m.
Reportedly backed by the board of Thorntons, the deal could bring together two of Europe’s largest chocolate makers and may herald the company’s first such foray since the death of its billionaire founder, Michele Ferrero in February this year. According to the BBC, shares in Thorntons rose by almost 43% following the announcement, the equivalent…
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