By
Associated Press
.
Published: Mon, April 28, 2008 - 2:28 am
Last Updated: Mon, April 28, 2008 - 2:32 am
NEW YORK (AP) - A really sweet deal is said to be in the works.Published reports say Mars Incorporated and Warren Buffett's
Berkshire Hathaway Incorporated are close to a deal to acquire the
William Wrigley Junior Company for more than 22 billion dollars.
It's a deal that could transform the candy industry.
Sources tell The New York Times and The Wall Street Journal that
an agreement could be announced as early as today. However, the
Times' sources caution that the deal could still fall apart.
Mars is the maker of M-and-Ms, Snickers bars and other candy.
Wrigley produces such gums as Extra, Eclipse, and Orbit. Buffett is
already a candy owner in Sees Candies.
A deal could force other snack companies to merge to compete
with the new confectionary giant.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
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