UK chocolate maker and retailer Thorntons has said that all discussions relating to a possible takeover of the company have now been terminated.

“In the view of the Independent Directors and their advisers none of the indicative proposals received from potentially interested parties represented fair value for shareholders,” the company said.

The company had been in discussions with a number of parties regarding a possible takeover offer for the company since October.

Thorntons also said it expects trading for the year ending 26 June 2004 to be in line with market expectations.