Monday, April 28, 2008

Mars agrees to buy gum maker Wrigley for about $23B with financing help from Warren Buffett


CHICAGO, Illinois - The Oracle of Omaha is betting that the country's candy jar is recession-proof. With financing from Warren Buffett, candy maker Mars Inc. on Monday said it is buying confectioner Wm. Wrigley Jr. Co. for an estimated $23 billion in cash. The deal would marry brands that sweet-toothed Americans have munched on for decades: Mars owns Snickers and M&Ms; Wrigley's gum brands include Juicy Fruit, Orbit, Extra and Big Red. More... Discount Magazine Subscriptions - Discount Cigarettes & Tobacco - Nutty News Marketplace - Live Aquaria