Mars Inc., a renowned American candy company, has agreed to purchase Hotel Chocolat Group Plc, a British luxury chocolate retailer, for a whopping £534 million ($664 million).
The acquisition aims to support Hotel Chocolat’s international expansion and diversify Mars’ product offerings beyond their popular mass-market candies like Snickers and Twix.
Under the deal, Mars will offer 375 pence per share, representing a significant premium of