Chicagoist: Mars (With A Hand from Warren Buffett) Set to Buy Wrigley's

fed up

Mon, 28 Apr 2008 14:46:25 -0600

Matty, Ive got a few dollars laying around if you get into a bidding war with that Buffett dude.

xlprq

Mon, 28 Apr 2008 12:51:29 -0600

Smussy, I seem to remember having chocolate gum as a kid. I don't have time (read: too lazy) to look for it, but I remember it wasn't very good.

smussy

Mon, 28 Apr 2008 12:07:08 -0600

i read it too fast ... i'm like ... when the hell did mars get in on the bidding? i hope no one decides to make chocolate gum. although, i'm sure someone's going to tell me it's already been done.

matty

Mon, 28 Apr 2008 10:54:25 -0600

Hello FRP. Doing well. Just preparing a 26 Billion dollar proposal for Wrigley - just to stir things up a bit.

Spav1

Mon, 28 Apr 2008 10:30:18 -0600

Um, no. The Tribune Co owns Wrigley Field and it will soon be re-named "Sam Zell Memorial Stadium" in anticipation of current owner's eventual death.

Slaphappy

Mon, 28 Apr 2008 10:24:46 -0600

Does that mean it'll be called Mars Field?

frp

Mon, 28 Apr 2008 09:31:41 -0600

Sure, $22B is a bit much, espcially at the 20% premium over the current Wrigely stock price. However, Microsoft still wants to acquire Yahoo for $44B -- that's FORTY-FOUR (44) BILLION, or twice as much as the Wrigley acquisition. I ask you, which is more insane? The purchase of company that has been in business since the late 1800s, and actually makes a product(s)? Or, the purchase of a dot com, albeit a very prominent one, that survives primarily on advertising and endorsement revenue? How are you, Mr. Matty?

matty

Mon, 28 Apr 2008 07:36:40 -0600

22 BILLION DOLLARS. That is insane.