MCLEAN, Va.—Mars, Inc. completed its acquisition of the Wm. Wrigley Jr. Company Oct. 6, following approval of the transaction by Wrigley stockholders on Sept. 25, 2008 and receipt of all necessary regulatory approvals. All shares of Wrigley Common Stock and Class B Common Stock are being purchased for $80 per share in cash, or a total of approximately $23 billion.
As part of the transaction, Mars will transfer its global non-chocolate confectionery sugar brands to the Wrigley subsidiary. This brand portfolio includes Skittles, Starburst, Tunes, Lockets, Rondo, Kenman, Skwinkles and Lucasbrands, as well as production facilities in Australia, Czech Republic and Mexico.