News: Deals: Reports

William Wrigley Jr Co & Mars Inc	Update Date: 06/27/08
Date Announced: 04/28/08
Value (million $USD): 22.36 billion U.S. Dollar

Status: Pending

TRANSACTION DETAILS
Date Announced	04/28/08
Date Originally Announced	04/28/08
Format	Merger	Acquisition techniques	Going Private
Attitude	Friendly	Agency	Unspecified Regulatory Auth.
Value	22.36 billion U.S. Dollar	Advisor Fees	William Wrigley Jr Co (WW) agreed to pay William Blair & Co a retainer fee of $0.2 mil and a fee of $2.3 mil for the rendering of its fairness opinion. WW agreed to pay Goldman Sachs & Co an advisory and opinion fee of an estimated $46 mil, a principal portion of which is contingent, upon consummation of the merger.

SYNOPSIS
US - Mars Inc agreed to acquire all the outstanding common stock of William Wrigley Jr Co, a producer and wholesaler of chewing gum, for $80 in cash per share, or a total value of $22.361 bil. The transaction, which has received board approval, was subject to customary closing conditions, regulatory and shareholder approvals.

TARGET
Name	William Wrigley Jr Co (WWY)
Industries	Confectionery
City	Chicago
State	IL
Nation	United States
Incorporated in	DE
Public Status	Public
Business Description	William Wrigley Jr Co, headquartered in Chicago, Illinois, produces and wholesales chewing gum as well as mints, breath strips and candies under the brands Spearmint, Doublemint, Big Red, Winterfresh, Juicy Fruit, Extra, Freedent, Orbit, Orbit White, Eclipse, Hubba Bubba, Big League Chew, Altoids, Creme Savers, Lifesavers and Airwaves. The company was founded in 1891.
Advisors	William Blair & Co; Goldman Sachs & Co
Target Sales	5.58 billion U.S. Dollar

ACQUIROR
Name	Mars Inc
Industries	Chocolate and cocoa products; Dog, cat, and pet food
City	Mclean
State	VA
Nation	United States
Incorporated in	n/a
Public Status	Private
Business Description	Mars Inc, located in McLean, Virginia, produces snack food, pet care, and food and drinks products. Their products are marketed under the M&M, Mars, Twix, Snickers, Skittles, etc. Their pet care products are marketed mostly under the Whiskas and Pedigree brands, while their food and drink products are sold under the Uncle Ben's and KLIX and FLAVIA brands. The company was founded in 1911.
Advisors	JP Morgan & Co Inc; Berkshire Hathaway Inc
Acquiror Sales	n/a

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