Entries tagged "Wm. Wrigley Jr. Co."
Warren Buffett has been like a kid in a candy store with a big wallet over the last year. His sweet tooth for undervalued companies has been partly filled, having the luxury of choosing from a smorgasbord of assets that have come available because of the credit crunch. The Oracle of Omaha has pulled off nine deals and counting since October 2007. Here's a list Buffett's purchases over the last year:...
The $23 billion Mars Inc.-Wm. Wrigley Jr. Co. deal has kicked off consolidation in the confectionery space, leaving Cadbury Schweppes plc under pressure and exposed as a target. With Cadbury set to split its U.S. drinks business from its confectioner operations in early May, the timing could be right for a strategic to make a move. There are two potential suitors that may want to gobble up Cadbury: Hershey Co. and Kraft Foods Inc. David Palmer, an analyst at UBS Investment Research, who released a report Tuesday on the Mars-Wrigley implications, offered The Deal some insight, including the possibility of Kraft...
