Warren Buffett spent $6.5 bn to help Mars buy Wrigley in 2008 crisis - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Warren Buffett spent $6.5 billion to help Mars acquire Wrigley during the financial crisis. Here's the story of how he made the candy deal happen.

Unsurprisingly, the sweet-toothed investor and Berkshire Hathaway CEO was a fan of Wrigley and Mars years before he got involved with the maker of Juicy Fruit and Altoids, and the confectioner behind M&Ms and Skittles.told CNBC

Buffett's familiarity with the candy business and both Wrigley and Mars products meant he felt comfortable dealing with them at a difficult time. Privately owned Mars decided to pay $11 billion itself, secure a $5.7 billion debt facility from Goldman Sachs, and enlist Buffett and Berkshire to provide the rest of the financing.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Love what you do. Do what you love.

Mr Buffet loves his food haha

Why would you do the same things all the time during your whole life when you already have made yourself super rich & achieved everything in this business?!? BORING & WASTE OF PRECIOUS TIME. Wouldn't it be better to spend this fortune on smth innovative/needed public infrastr?

And I care because...? Why not do an expose on Trump finances...you know...journalism?

사탕이면 사탕 수수. 수수께기를 잘 내나?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wealthy Americans spending more time alone is reshaping the economy - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. FOREEE
Source: BusinessInsider - 🏆 729. / 51 Read more »

$4 trillion federal deficit isn't the problem, it's how we're spending - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Save money with new insurance 6 months after you buy your first car - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stock picks to buy for big gains during Q2 earnings season: Goldman - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Buying a house during the pandemic was worth the extra stress - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. sadkekellion PFInsider Nice and beautiful
Source: BusinessInsider - 🏆 729. / 51 Read more »

Report: Peter Thiel cutting Trump loose because of COVID-19 crisis - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. So what is the alternative Biden and Democrats! Fake news Im very sure the man is for Trump!!! Then he's a fool. Guys it's not cuz Trump is evil to him, it's cuz Trump isn't evil enough.
Source: BusinessInsider - 🏆 729. / 51 Read more »