:. Food Industry News

Categories: Mergers and Acquisitions

Dr. Pepper Snapple Replaces Wrigley in S&P 500

Source: Reuters
30/09/2008

San Francisco, Sept 30 - Dr Pepper Snapple Group Inc will replace Wm Wrigley Jr Co in the S&P 500 due to Wrigley's pending acquisition by Mars Inc, the index said on Monday.

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The switch will occur after the close of trading on Friday, Oct. 3.

The sale of Wrigley to privately-held Mars is expected to be closed on Oct. 6, before the market opens.

Last month, Wrigley shareholders approved the gum and candy maker's $23 billion sale to Mars, a move that will create the world's largest confectionary company.

Plano, Texas-based Dr. Pepper Snapple markets more than 50 beverage brands throughout North America.



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