Mars

Mars buying gum maker Wrigley with financing from Buffett

Candy maker Mars Inc. is buying Wm. Wrigley Jr. Co., the confectioner behind Juicy Fruit and Doublemint gum and Life Savers candy, for about $23 billion in cash, the companies announced Monday.

The agreement has the potential to transform the globe's confectionery industry and could spawn a series of other combinations.

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Stock Symbol: WWY WRIGLEY WM JR CO Stock Price: $77.70 Todays Change: +0.14 (+0.18%)