Wrigley Stockholders Approve Merger with Mars

January 29, 2014

1 Min Read
Wrigley Stockholders Approve Merger with Mars

Wm. Wrigley Jr. Company announced today that its stockholders overwhelmingly approved the adoption of the merger agreement with Mars, Incorporated.

"We are pleased with the outcome of today's vote," 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 $27-billion food company and the world's largest confectioner.

Following the successful vote, both parties intend to complete the merger on Monday, October 6, 2008.

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