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Chocs away as Ferrero make lip-smacking bid for Thorntons

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Chocs away as Ferrero make lip-smacking bid for Thorntons

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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.

Thorntons employs 3,500 staff and has 242 shops and cafes in the UK and Ireland.