Wrigley shareholders say yes to Mars’ buyout offer
CHICAGO Private shareholders of Wm. Wrigley Thursday voted to approve the sale of the Wrigley gum and candy business to Mars for $23 billion, Reuters has reported. The acquisition deal will create the world’s largest candy and confectionery business. The companies have said that they expect to close the deal Oct. 6.
After facing pressure from British confection maker, Cadbury, Wrigley shareholders overwhelmingly approved Mar’s offer of $80 per share. Following the announcement of the polling results, Wrigley’s stocks rose 12 cents to $79.65 yesterday.
Chicago-based Wrigley, the maker of gums such as Orbit, Eclipse, Wrigley’s Spearmint and Juicy Fruit, has been in operation for more than 100 years and has been publicly traded since 1923. Mars, the maker of M&M’s, Milky Way candy bars, Snickers and other candies, and also is privately held and has been in business since 1911.
Campbell’s goes head-to-head with rival Progresso in print ads
CAMDEN, N.J. Campbell’s newest ad launched today in the New York Times for its Select Harvest healthy line of soups, takes aim directly at General Mills’ Progresso soup line.
Campbell, a leader in canned soups in the United States and markets abroad, created the ad which frames a can of Progresso soup right next to can of Campbell’s Select Harvest. A caption over the can of Progresso reads, “Made With MSG,” meanwhile a photo of Select Harvest runs under the heading, “Made With TLC.”
The campaign comes in response to the success of the launch of Progresso Light soups, which hit shelves last year and were immediately given a stamp of approval by Weight Watchers.
Progresso’s ad company Saatchi & Saatchi of New York, has been working on reaching the male consumer with its TV ads which tout Progresso Light as “What a light soup should be.”
Research shows honey may be remedy for sinus ailments
OTTAWA A team of Canadian researchers have found evidence that suggests honey may aid chronic sinusitis sufferers even more than antibiotics.
The researchers said that they found that germ fighting properties in honey attack the bacteria may help soothe the discomfort of sinusitis.
The team of researchers led by Joseph G. Marsan of the University of Ottawa.tested their honey hypothesis by applying honey to biofilms. Biofilms are substances in the body where bacterias such as Staph aureus and Pseudomonas aeruginosa collect and lead to inflammation and infection.
Similar findings have appeared in the Archives of Pediatrics and Adolescent Medicine, published last year by the Penn State College of Medicine. That particular study concluded that honey was more effective than OTC cough medicines containing dextromethorphan for soothing a cough in children.