NEW YORK (MarketWatch) — Mars Inc., backed by billionaire investor Warren Buffett’s Berkshire Hathaway Inc., reached an agreement Monday to buy 117-year-old chewing-gum pioneer Wm. Wrigley Jr. Co. for about $23 billion.
Buffett always said to buy companies you understand. How simple is chewing-gum.
Anyone like the deal?
April 28th, 2008 at 2:17 pm
I was wondering this myself a few days ago. I see all these commercials for gum. They are high quality, high budget looking commercials. I guess it’s one of those things that people buy all the time. It appears to be a good buy. Wrigley makes two very popular gums, Orbit, and Eclipse.
Kind of like Warren’s Coke buy. He drinks coke everyday right?