GFM Network News



Mars buying out Buffett stake in Wrigley

Reuters — The candy maker Mars Inc. on Thursday said it would take full control of its Wrigley chewing gum business, acquiring the minority stake held by Warren Buffett’s Berkshire Hathaway Inc. Mars plans to combine Wrigley with its chocolate business, putting M+Ms, Snickers, Skittles, Lifesavers, Starburst fruit chews, Doublemint and Extra gum and Altoids […] Read more


Kraft to combine with Heinz in deal led by 3G, Buffett

Reuters — Ketchup maker H.J. Heinz, owned by 3G Capital and Warren Buffett’s Berkshire Hathaway, is acquiring a majority stake in Kraft Foods Group to create the third-largest North American food company, executives said on Wednesday. Shares of Kraft — which operates 35 plants in Canada, the U.S. and Puerto Rico — were up more […] Read more