Wrigley Company Stockholders Approve Merger with Mars
The combined strengths of Mars and Wrigley will create a dynamic $27-billion food company and the world's leading confectioner.
25/09/08 Wm. Wrigley Jr. Company announced that its stockholders overwhelmingly approved the adoption of the merger agreement with Mars, Incorporated.
Following the successful vote, both parties intend to complete the merger on Monday, October 6, 2008.
"We are pleased with the outcome of votes," said Bill Wrigley, Jr., Executive Chairman and Chairman of the Board. "On behalf of the Company's Board of Directors, we deeply appreciate the support of our stockholders and Wrigley associates around the world throughout this process. The Wrigley team is looking forward to completing the transaction and beginning the next, exciting chapter for the Company and its brands."
Under the terms of the agreement -- announced back on April 28, 2008 -- Wrigley stockholders will receive $80.00 cash for each share of stock. Wrigley will become a subsidiary of privately held Mars, Incorporated, adding a number of brands to its portfolio - including Starburst and Skittles, and remaining headquartered in Chicago. The combined strengths of Mars and Wrigley will create a dynamic $27-billion food company and the world's leading confectioner.
