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Market Update : 
Mars Buys Wrigley for $23 B
Author: 123jump.com Staff
123jump.com
Last Update: 9:36 AM EDT April 28 2008


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Wrigley has agreed to be acquired by Mars for $80 per share or $23 billion. The deal will be partly financed by Goldman Sachs and Berkshire Hathaway. Wrigley offer is 28% premium from Friday closing price. On the earnings front Humana reported revenue and earnings rise of 12%. RadioShack first quarter sales declined 4% and earnings fell to 30 cents per share. Royal Bank of Scotland is likely to eliminate 25% of its staff.

 

 

 
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