Elite Manhattan firms Simpson Thacher & Bartlett and Skadden Arps Slate Meagher & Flom have taken lead roles on Mars' merger with rival confectionary group Wm Wrigley Jr Co - one of the largest M&A deals of the year so far. The deal - worth approximately $23bn (£11.5bn) - sees Simpson Thacher client Mars acquire Wrigley, with Warren Buffet's Berkshire Hathaway investment group taking a $2.1bn (£1.05bn) stake in Wrigley.
April 29, 2008 at 06:32 AM
1 minute read
The original version of this story was published on Legalweek
Elite Manhattan firms Simpson Thacher & Bartlett and Skadden Arps Slate Meagher & Flom have taken lead roles on Mars’ merger with rival confectionary group Wm Wrigley Jr Co – one of the largest M&A deals of the year so far.
The deal – worth approximately $23bn (£11.5bn) – sees Simpson Thacher client Mars acquire Wrigley, with Warren Buffet’s Berkshire Hathaway investment group taking a $2.1bn (£1.05bn) stake in Wrigley.
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