Shareholders in Thorntons are licking their lips after shares jumped a massive 42 percent following a buyout bid by Italian chocolate maker Ferrero International.
Ferrero put a value on Thorntons, established in Sheffield in 1910 by Joseph William Thornton, of €156m.
The company urged shareholders to accept the offer.
Thorntons have seen profits and sales fall in recent times and have issued a profit warning
for December.
As Ferrero makes an offer to gobble it up, could Thorntons disappear from the high street? http://t.co/3MNGDId2hr pic.twitter.com/8nxHYhnJfd— Management Today (@MT_editorial) June 22, 2015
Thorntons employs 3,500 staff and has 242 shops and cafes in the UK and Ireland.
