Thorntons takeover collapses after price falls

Chocolate maker Thorntons broke off takeover talks today after its chairman drastically reduced the amount that he was willing to pay for control.

Thorntons takeover collapses after price falls
Thu, 02 Feb, 2006 - 11:21

Chocolate maker Thorntons broke off takeover talks today after its chairman drastically reduced the amount that he was willing to pay for control.

Thorntons balked at the offer of £87.4m (€128.6m) from executive chairman Christopher Burnett who had previously indicated a bid worth £124m (€182.5m) to take the company private.

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