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Author: Operknockity Two stars, 250 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 426  
Subject: Re: Mars Date: 10/1/2008 2:02 PM
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Nobody reported the results of the shareholder vote, but it was approved. At least that $80/share will buy more shares now than a few months ago of whatever it is we end up buying to replace Wrigley. Too bad the Buffet/GE announcement couldn't have waited another week (assuming you wanted to buy in to GE at this time).

http://investor.wrigley.com/phoenix.zhtml?c=92701&p=irol...

CHICAGO, Sept. 25 /PRNewswire-FirstCall/ -- Wm. Wrigley Jr. Company (NYSE: WWY) announced today that its stockholders overwhelmingly approved the adoption of the merger agreement with Mars, Incorporated.

Following the successful vote, both parties intend to complete the merger on Monday, October 6, 2008.

....

Under the terms of the agreement -- announced back on April 28, 2008 -- Wrigley stockholders will receive $80.00 cash for each share of stock. Wrigley will become a subsidiary of privately held Mars, Incorporated, adding a number of brands to its portfolio - including Starburst(R) and Skittles(R), and remaining headquartered in Chicago. The combined strengths of Mars and Wrigley will create a dynamic $27-billion food company and the world's leading confectioner.
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