Ferrero and Thorntons have agreed a £111.9m cash deal to purchase the UK confectioner. The per-share price of 145p represents a 43% premium to Thorntons’ prior closing price.
Once the acquisition – which will be effected through a specially created unit, Ferholding – is completed, Ferrero will initiate a review of Thorntons’ 242 stores.
The Italian company already has a 30% stake in Thorntons.
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The Guardian, p. 3
The Independent, p. 51
