Wm. Wrigley Jr. Company WWY
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Family Feud
… condiment providers such as McCormick MKC and Heinz HNZ are mostly unaffected. We believe that the candy producers such as Wrigley WWY , Hershey HSY, and Cadbury Schweppes CSG will always be fighting healthy-eating headwinds, but our need for treats and rewards …
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A Trade Victory Made In America
After reviewing Wrigley's WWY second-quarter results, we remain excited about the company's prospects and are increasing our fair value estimate to $64 …
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Wrigley Shareholders Approve Deal
On Thursday, Wm. Wrigley Jr. WWY announced that its shareholders had voted to approve the acquisition of the firm by Mars for $80 per share. The company expects to close the deal Oct. 6. Upon the closing of the transaction, we will discontinue coverage of the shares.
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Raising Wrigley's Uncertainty
… uncertainty in financial institutions worldwide, we feel it is prudent to raise our fair value uncertainty rating for Wrigley WWY at this time. Although we don't foresee a problem with Mars closing the deal to acquire Wrigley, the state of the credit …
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Wrigley Reports 2Q Results
Wrigley WWY reported second-quarter results Monday that exceeded our expectations, driven by favorable currency and strong gross margins …
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Maintaining Our Fair Value for A-B
… possibly to the point of shareholder dilution. Also, much like Pennsylvania tried to stop a sale of Hershey HSY to Wrigley WWY back in 2002, Missouri could stop this deal too. Given the importance of an independent A-B to the state of Missouri and …
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Mars to Acquire Wrigley
In a landmark transaction, privately held Mars has agreed to acquire Wm. Wrigley Jr. WWY for $80 per share in cash, a 28% premium to Wrigley's closing price Friday and a 25% premium to our fair value estimate …
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Berkshire to Finance Wrigley Deal
… Berkshire Hathaway BRK.B indicated that it is a financier in privately held candymaker Mars' deal to acquire Wm. Wrigley Jr. WWY . We think this is a classic Warren Buffett move, as Berkshire becomes part owner in yet another iconic American consumer brand …
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Wrigley's 4Q Margins Decline
Wm. Wrigley Jr. WWY runs its business for the long term, and its fourth-quarter results, reported Monday, were emblematic of what can happen on …
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Lowering Hershey's Fair Value
… preferences shifting away from its core products. Mars has increased its pace of innovation, and Cadbury Schweppes CSG and Wrigley WWY have both introduced products that target the same consumer segment Hershey counts on for its Ice Breakers franchise. Consumers …