EU OKs Mars-Wrigley deal

07/28/2008 | Wall Street Journal, The

The EU approved Mars' acquisition of Wm. Wrigley Jr. Co. for $23 billion. "There is no overlap in the parties' core confectionary activities (chocolate and gum)," wrote the commission. "Although both parties are active in sugar confectionary, the limited market shares do not give rise to competition concerns."

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