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.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.