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LONDON, UK: In a deal announced this week, U.S. chocolate giant Mars will buy UK chocolate maker Hotel Chocolat for £534 million ($662 million). "We think that this is a knock-out bid," Peel Hunt analysts said, adding they were not expecting any counter bids. Both owning 27 percent of equity according to LSEG data, Hotel Chocolat's Chief Executive Angus Thirlwell and co-founder Peter Harris, who fo