Monday, April 28, 2008

Chew on This!

M&M's candy maker Mars Inc has teamed up with billionaire Warren Buffett to buy No. 1 chewing gum manufacturer Wm Wrigley Jr Co (WWY.N) for $23 billion, creating the world's largest confectionery company.

Mars and Buffett to buy Wrigley for $23 billion - Yahoo! News.

$23 billion for a gum company. This is a little over KD 6 billion. Unless I got the math wrong, it is a whisker over the market cap of KFH, the highest in the Kuwaiti market. Keep chewing!

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