Process and Operations

Wrigley Shareholders Approve Mars Sale


Sep 25, 2008

According to an article on, shareholders of chewing-gum maker Wm. Wrigley Jr. Co. ( have approved the company's sale to candy maker Mars Inc. ( creating the world's largest confection maker.

The voting results were announced Thursday at a shareholder meeting in Wrigley's hometown of Chicago. Holders of two-thirds of Wrigley's roughly 272.7 million outstanding common shares had to approve the $23 billion deal for it to go through.

The sale to privately held Snickers and M&M maker Mars bumps Britain's Cadbury PLC from the position of world's largest candy company.

Bill Wrigley Jr., executive chairman and fourth-generation family member to lead the business, told shareholders the company respected its past as a family-run business but had to look forward. He said the company will be able to grow in new ways under Mars' ownership.

Read the entire article on the