Entries tagged "Wrigley"
The Deal's Mary Kathleen Flynn of Tech Confidential and Suzanne Stevens of Corporate Dealmaker discuss the dealmaking events for the week of July 28, 2008....
The Oracle of Omaha, Warren Buffett, spent the past quarter fine-turning his investments. According to filings, the owner of Berkshire Hathaway Inc. boosted his firm's stakes in Kraft Foods Inc. and Wells Fargo & Co., eliminated its stake in Ameriprise Financial Inc. and has cut its stake in Iron Mountain Inc., from 4.7 million shares to 3.4 million. Of those moves, perhaps the most interesting was Buffet's increased stake in Kraft to 132 million shares. ...
The Oracle of Omaha knows how to extract a good deal, and he did just that with the Wrigley acquisition. We have details.
Mars Inc. will buy gum maker Wm. Wrigley Jr. Co. for nearly $23 billion. This price is 4.3 times Wrigley's 2007 net sales and more than 35 times its 2007 earnings per share, Wrigley said. The deal creates a company with more than $27 billion in sales and upwards of 64,000 associates globally, the target's chairman Bill Wrigley Jr. wrote in an e-mail to employees. ...
