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Monday, April 28, 2008
Mars Candy to Buy Wrigley Chewing Gum for $23 Billion

Atlanta, GA 4/28/2008 05:08 PM GMT (FINDITT)

US candy giant Mars and Warren Buffet’s Berkshire Hathaway have announced plans to buy popular chewing gum maker Wrigley’s for nearly $23 billion. Financing will be provided by Berkshire Hathaway, Goldman Sachs and JPMorgan Chase.
“When this transaction is completed, we will be proud to welcome Wrigley’s associates to our company,” said the global president of Mars, Paul Michaels. “The strong cultural heritage of two legendary American companies with a shared commitment to innovation, quality and best-in-class global brands provides a great basis for this combination. We are looking forward to continuing on out path of growth by jointly developing those values even further.”
Mars makes candy such as Snickers, M&M’s, Dove and Milky Way. Wrigley makes products such as Doublemint gum and Life Saver candies.
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