Mars Inc. To Make A Sweet Deal With Wrigley

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Mars Inc. To Make A Sweet Deal With Wrigley

Story Published: Apr 28, 2008 at 1:34 PM EDT

Story Updated: Apr 28, 2008 at 1:34 PM EDT

Mars Inc., the maker of M&M, Snickers and other candies, announced Monday that it's close to a deal to acquire W.M. Wrigley, Jr. company.

Under the agreement Wrigley, a world leader in chewing gum, will become a separate subsidiary of mars.

The 22 billion dollar deal would create a new confectionary giant...which could force other snack companies to merge, in order to compete.

Billionaire Warren Buffett, who already owns a candy company, is helping finance the transaction for mars.

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