06.10.2016 20:40:00

Wrigley (Wm) Jr. Company -- Moody's affirms Wrigley's Baa1 ratings; changes outlook to developing

New York, October 06, 2016 -- Moody's Investors Service affirmed the Baa1 senior unsecured ratings of Wrigley (Wm) Jr. Company ("Wrigley") and changed the rating outlook to developing following today's announcement by parent company Mars, Incorporated (Mars), that Mars has bought out the entire minority equity interest in Wrigley that was held by Berkshire Hathaway. Mars further announced that it intends to combine its Chocolate segment with Wrigley's to create Mars Wrigley Confectionery.

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