The shareholders of Wm Wrigley Co. have “overwhelmingly” voted in favour of the group’s proposed merger with Mars.
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Under the agreement, announced in April, Wrigley shareholders will receive US$80 per share. Wrigley will then become a subsidiary of privately-held Mars.
The merger is now due to be completed on 6 October.
Commenting on the news, chairman Bill Wrigley, Jr, said: “On behalf of the company’s board of directors, we deeply appreciate the support of our stockholders and Wrigley associates around the world throughout this process. The Wrigley team is looking forward to completing the transaction and beginning the next, exciting chapter for the company and its brands.”
When the transaction is complete the group will be the world’s largest confectioner with combined sales of $27bn.
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