Ferrero offers £112m for British chocolate maker Thorntons
Tue, Jun 23, 2015 - 5:50 AM
Thorntons directors said the all-cash offer by Ferrero, the maker of Nutella spread and Ferrero Rocher pralines, was 'fair and reasonable' and that they intended to unanimously recommend that shareholders accept the offer.
FERRERO, the maker of Nutella spread, has offered to buy British chocolate company Thorntons Plc for £112 million (S$237 million), a rare acquisition by the Italian group.
The deal, backed by the board of Thorntons, brings together two of Europe's best-known chocolate makers...