business news in context, analysis with attitude

Numerous published reports this morning say that Warren Buffett's Berkshire Hathaway Inc. and Mars Inc. are teaming up for a $22 billion acquisition of the Wm. Wrigley Jr. Co. in a deal that is likely to be announced as soon as today.

The Wall Street Journal notes that the deal "would unite two icons of the U.S. candy business: Wrigley, maker of the eponymous chewing gum, and Mars, the closely held company behind Snickers chocolate bars and M&M's" and would "expand Mars's already considerable global reach. Wrigley generates the majority of its sales outside of the U.S. In recent years, it has expanded its offerings well beyond chewing gum. Mars is the world's largest maker of chocolate by sales, with a market share of 15%."

KC's View:
Longtime MNB readers knew that I was going to point this out…that it is poetic for someone named Buffett to have an ownership position in the company that makes Juicy Fruit.

Grapefruit
A bathin' suit
Chew a little Juicy Fruit
Wash away the night…