04/28/2008: Mars, Incorporated / William Wrigley Jr. Co.
2008 Deals You Should Know – Mars / Wrigley’s
Deal Synopsis
Acquirer: Mars
Target: William Wrigley Jr.
Date: 4/28/2008
Deal Size: $23.3 Billion
Privately held candy maker, Mars bought Wrigley’s (WWY) for $23B in partnership with Warren Buffett. The combination would match up brands like M&Ms and Snickers with Orbit, Extra, Altoids and Lifesavers. At the time of announcement, the deal ranked as the third biggest announced deal of the year.
Investment banks involved:
Goldman Sachs, JP Morgan, William Blair