Wm. Wrigley Jr. Co. has set Sept. 25 as the date on which its shareholders will vote on the $23 billion sale of the chewing gum giant to Mars Inc.
The deal, which is partially financed by investment titan Warren Buffett, was announced in late April. When the acquisition is completed, Wrigley is to remain headquartered in Chicago as a subsidiary of privately-held Mars, maker of myriad candies.
Wrigley said Monday that it set the shareholder vote date in the wake of last week's regulatory approval of the deal in Europe, and the initiation of the financing process during the week prior to that. U.S. regulators have already cleared the deal.
Mars is paying $80 per share for Wrigley, 28 percent more than what Wrigley was trading at before the deal was unveiled.
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