Tuesday, April 29, 2008

Mars Buys Wrigley

For 23 billion smackaroos.

Sounds like another private equity flim-flam.

But the stock price for Mars shot up 23%.

That ought to tell you something.


Warren Buffett is in the act.

So it must be the real deal.

Buffett provided 6.5 billion smackaroos in financing in exchange for a stake in Wrigley.

Wrigley will be run independently of Mars.