Wrigley to be sold to Mars for $23 billion — chicagotribune.com

Published by Blake Macleod | Filed under Chicago

Wm. Wrigley Jr., in a move it said will provide ‘enhanced prospects for growth,’ confirmed this morning that it has agreed to be acquired by privately held candy-industry giant Mars Inc. for a hefty $80 a share, or nearly $23 billion.

The Chicago chewing-gum company said its board has already approved the all-cash offer, although the transaction still will require clearance from regulators and Wrigley stockholders.

‘First and foremost, this is a great transaction at a great price that provides tremendous value to Wrigley sto”

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