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European Commission approves Wrigley, Mars merger
By Lisa Kerner
Charlotte, N.C., July 28 - The European Commission determined there is no overlap in Wm. Wrigley Jr. Co.'s and Mars, Inc.'s core confectionary activities - gum and chocolate, respectively - and that their limited market shares do not give rise to competition concerns, it was announced on Monday.
In April, Mars agreed to acquire Wrigley for $80 per share in a $23 billion deal to take the company private.
Wrigley is a Chicago manufacturer of gum and confections with $5.4 billion in global sales.
McLean, Va.-based Mars produces confections and other products. It operates three plants in Illinois, including a chocolate confectionery plant in Oak Park.
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