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IN BRIEF: Hotel Chocolat says Mars takeover sanctioned by court

ALN

Hotel Chocolat Group PLC - Hertfordshire, England-based chocolatier - High Court of Justice in England & Wales sanctions scheme of arrangement for acquisition of company’s entire share capital by Mars Inc. Expects scheme to become effective on Thursday. Hotel Chocolat agreed to Mars’ 375 pence per share takeover offer on November 16, valuing it at £534 million.

Current stock price: 375.00 pence

12-month change: up 80%

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