Hints and tips:
...Wm Morrison chief executive David Potts will be feeling fairly chipper this morning, too....
...He joined Mars in 1959, becoming co-president of the candy and foods business with his brother in 1975....
...Four decades ago, a business revolution started with a packet of Wrigley’s Juicy Fruit chewing gum....
...The investor, who helped fund the takeover of Wrigley by Mars, is likely to be one of the first calls should patriarch Forrest Mars Jr ever seek a secure home for his family’s confectionery empire....
...At Goldman, Mr Trott was instrumental in crafting the deal that helped Mars acquire Wm Wrigley Jr, a deal in which Warren Buffett provided $6.5bn in cash and debt....
...Mars and Warren Buffett’s Berkshire Hathaway are close to a pact to acquire Wm. Wrigley Jr. for more than $22bn billion in a deal that would remake the global confectionary landscape, reports the WSJ....
...It is to replace Wm Wrigley Jr in the S&P index....
...Companies credited with earnings growth potential, such as Procter & Gamble or WM Wrigley, are a lot dearer still....
...Not so since 1999, when Bill Wrigley Jr took over as chief executive after his father’s death. That makes Monday’s decision to hire William Perez – formerly at Nike – all the more remarkable....
...William Perez, the former chief executive of Nike, will become president and CEO, replacing Bill Wrigley Jr, who remains chairman of the board....
...Gillette, Wm. Wrigley Jr and the rest - named companies after themselves, too....
...WM Wrigley, which makes chewing gum, was reported to be close to buying the Life Savers and Altoids brands from Kraft Foods, whose shares eased 0.6 per cent to $34.68....
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