Ferrero Rocher to buy rival Thorntons in £111m deal

The board of chocolate maker Thorntons said it has reached an agreement to sell itself to Italian rival Ferrero Rocher for around £111.9m.

Ferrero Rocher to buy rival Thorntons in £111m deal
Mon, 22 Jun, 2015 - 10:38

The board of chocolate maker Thorntons said it has reached an agreement to sell itself to Italian rival Ferrero Rocher for around £111.9m.

The offer for the England-based firm represents 145p a share, a 42.9% premium over the undisturbed closing price of the shares last Friday before the bid was announced.

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