Inactive Instrument

HOTL CHOC

Equities

HOTC

GB00BYZC3B04

Mars to buy Britain's Hotel Chocolat for $662m

November 16, 2023 at 02:23 am EST

LONDON, Nov 16 (Reuters) - British specialist chocolatier Hotel Chocolat agreed to a 534 million pound ($662 million) takeover offer from Mars Inc on Thursday, after the pair agreed the food giant was well-positioned to help the small retailer expand internationally. ($1 = 0.8072 pounds) (Reporting by Sarah Young; Editing by Kate Holton)

Latest news about HOTL CHOC

Investors in wait-and-see mode	Jan. 25
Hotel Chocolat's Sale to US Food Group Mars Inc Takes Effect	Jan. 25	MT
Mars, Incorporated completed the acquisition of Hotel Chocolat Group plc from a group of sellers and others.	Jan. 24	CI
Global markets live: EasyJet, Netflix, AT&T, eBay, Apple...	Jan. 24
Hotel Chocolat says Mars takeover sanctioned by court	Jan. 23	AN
UK High Court Clears Hotel Chocolat's Sale to Mars	Jan. 23	MT
Hotel Chocolat Shareholders Approve Sale to Mars' Hive Bidco	Jan. 17	MT
Phoenix Asset Management Discloses 10.42% Stake In Hotel Chocolat - Filing	Dec. 19	RE
Analysis-Global small-cap stocks lure bargain hunters after sluggish 2023	Dec. 07	RE
FTSE 100 Closes Down 1% as Oil, Mining Stocks Weigh	Nov. 16	DJ
Stocks give way after rate optimism-fuelled rally	Nov. 16	AN
Stocks down as post-inflation data rally fades	Nov. 16	AN
AIM WINNERS & LOSERS: Hotel Chocolat, City Pubs surge on takeover bids	Nov. 16	AN
Mars checks into Hotel Chocolat with GBP530 million offer	Nov. 16	AN
The LSE takes a breather	Nov. 16
FTSE 100 flat; Burberry tumbles on weak outlook	Nov. 16	AN
Hotel Chocolat Group Agrees GBP534 Million Takeover by US-based Mars; Stock Skyrockets	Nov. 16	MT
FTSE 100 struggles after rally as Burberry drags	Nov. 16	RE
Mars to buy Britain's Hotel Chocolat for $662m	Nov. 16	RE
Burberry cuts guidance; Mars to buy Hotel Chocolat	Nov. 16	AN
Hotel Chocolat Received Proposed Cash Acquisition For 375 Pence In Cash For Each Share	Nov. 16	RE
Mars to buy Britain's Hotel Chocolat for $662m	Nov. 16	RE
Mars, Incorporated agreed to acquire Hotel Chocolat Group plc from a group of sellers and others for approximately £520 million.	Nov. 15	CI
Byotrol interim sales flat; Argo loss narrows	Nov. 14	AN
FTSE 100 Ends Higher Fueled by Energy Stocks	23-10-12	DJ

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Company Profile

Hotel Chocolat Group plc is a United Kingdom-based chocolate manufacturer and retailer. The principal activities of the Company are the manufacture and retail of chocolate in the United Kingdom and overseas. It offers boxed chocolates, luxury gifts, or giant chocolate slabs for birthdays, anniversaries, celebrations, and other. Its United Kingdom (UK) market is focused on UK Physical, which includes stores, cafes, and restaurants; UK Digital, which includes online sales, including subscriptions, and UK Partners and business-to-business (B2B), which is focused on wholesale and partners. International market includes overseas locations, including the United States, Ireland and Japan. Its Cacao estate and hotel includes a cacao farm and hotel in Saint Lucia. Its product types include Beauty Gifts, Batons and Slabs, Chocolate Boxes, Chocolate Gift Sets, Chocolate Selectors, Cooking Chocolate, Coffee Ceramic Cups, Gift Cards, Small Chocolate Packs, Luxury Biscuits, and various other.

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