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Will the Wrigley brand survive scion's departure?

February 3, 2010

Bill Wrigley Jr made a big decision for his company and his shareholders when he agreed in 2008 to sell the family firm to Mars Inc, another family-owned company, for $23 billion, writes Darrell Delamaide

Wrigley Jr leaves family business

January 25, 2010

William Wrigley Jr, the fourth generation of the family to work in the chewing gum empire, has officially left his position as executive chairman of the company.

Mars and Wrigley complete merger

October 7, 2008

The merger between family-owned confectionery giants Mars, Inc and WM Wrigley has been completed after Wrigley stockholders approved the deal and regulatory hurdles were cleared.

Mars, backed by Warren Buffet's Berkshire Hathaway investment house, is paying $80 per share for all Wrigley Common Stock and Class B Common Stock, valuing the chewing gum manufacturer at $23 billion. The deal was originally signed in April this year.

Confectionery giants Mars and Wrigley unite

April 28, 2008

Two of the world’s largest family-owned confectionery firms are to merge.

Two of the world's largest family-owned confectionery firms are to merge. Mars Inc has agreed to acquire 100% of the WM Wrigley Company for $23 billion.