Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Monday, April 28, 2008

Mars Negotiates to Buy Wrigley

Mars, privately owned by the Mars family (M&M's, Mars, Snickers) reportedly has struck a deal to acquire the Wm. Wrigley Jr. Co. (chewing gum, Lifesavers, Altoids) for approximately $22 billion.  Warren Buffett's Berkshire Hathaway will provide Mars with financing.  Wrigley's market value on Friday was $17.3 billion.  Mars is the world's largest maker of chocolate by sales.  NYTimes, Candy Maker Reported Near Deal for Chewing Gum Giant; WSJ, Mars, Buffett Team Up in Wrigley Bid.

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