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Friday Sep 5 2008
All times are London time
All times are London time
The 6am cut - Alphaville by email
Most Popular Posts
- Hedge fund Tuesday
- What killed the Ospraie?
- Draaisma: "We're in the dull phase"
- Further reading
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- Cheap or spicy? - the polarisation in asset management
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- Fear not, City of London
- The Chinese don't like Frannie...
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Blogs we're reading
- 1440 Wall Street
- Abnormal Returns
- Alea
- All About Alpha
- Arbitrage View
- Bespoke Investment Group
- Big Picture
- Brad Setser: Follow the money
- Bronte Capital
- Calculated Risk
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- Capitalist Resistance
- Credit Writedowns
- Crossing Wall Street
- Deal Journal
- Dealbook
- Dealbreaker
- Deus Ex Macchiato
- Felix Salmon
- Financial Armageddon
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- Fintag
- Free Exchange
- Infectious Greed
- Information Arbritrage
- Intelligent Mergers
- Interactive Investor
- Jeff Matthews
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- Nouriel Roubini
- Paul Wilmott
- Practical Risk Management
- Random Roger
- Reuters DealZone
- Robert Peston
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- The Aleph blog
- The Epicurean Dealmaker
- The Oil Drum
- The price of everything
- Ultimi Barbarorum
- Wallstrip
Classified Jobs
- Senior Manager - Finance Transformation
- Recruiter: Accountancy/Consultancy Firm
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Mars, Buffett in $22bn Wrigley bid
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. A deal would unite two icons of the US candy business: Wrigley, maker of the eponymous chewing gum, and Mars, the closely held company behind Snickers chocolate bars and M&M’s. The transaction was expected to be announced as early as Monday, said people familiar with the matter. Terms of the deal weren’t clear, but Wrigley has a stock market value of about $17.3bn and it appeared that the buyers were prepared to offer a rich premium.
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Hope they haven’t bitten off more than they can chew.