Mars Inc acquires Wm Wrigley Jr Co

Mars Inc acquires Wm Wrigley Jr Co

Mars Inc has announced that they are collaborating with Warren Buffett to acquire Wm Wrigley Jr Co.

The deal is worth around $23 billion and it has now created the world’s largest confectionery company.

This acquisition deal would give Berkshire Hathaway a stake of around 10% in Wrigley which would now work as a subsidiary of Mars.

Market analysts say that this deal could potentially lead to a similar collaboration between Hershey and Cadbury Schweppes.

The deal would require approval from the Wrigley shareholder and U.S. government.