British candy maker Cadbury agreed in principle to a $19.5 billion offer from Kraft Foods. The news comes two weeks after Kraft sold its frozen pizza business to Nestle and proposed the authorizing of up to 370 million shares of stock to sweeten an offer Cadbury previously called "derisory." more ›

Kraft Foods feels they strengthened their ongoing bid to purchase the English confectioner Cadbury today by selling their pizza business to Nestle. The sale effectively rules out Nestle as a competing bidder for Cadbury while also adding more on-hand cash to Kraft's estimated $16.4 billion offer to buy the company, making Kraft the overwhelming front runner. more ›

The long-announced sale of Wm. Wrigley Corporation to Mars, Inc. (with a greasing of the skids courtesy of Warren Buffet and the fine folks at Berkshire Hathaway) was approved by shareholders during a special morning meeting at Chase Auditorium. The deal, in which Wrigley becomes a standalone company within the Mars empire, makes Mars the largest candy company in the world. [Sun-Times] more ›

Talk about your major deals. Mars, Inc. is set to buy the Wm. Wrigley Corporation for $22 billion. The deal is being fueled by some serious seed money from Warren Buffett's Berkshire Hathaway. more ›