Wrigley Company Files Definitive Proxy Statement for Merger Vote
04 Agosto 2008 - 8:51PM
PR Newswire (US)
CHICAGO, Aug. 4 /PRNewswire-FirstCall/ -- Wm. Wrigley Jr. Company
(NYSE:WWY) today filed a definitive proxy statement for a special
meeting of its stockholders to consider a proposal to adopt the
merger agreement (originally announced on April 28, 2008) that --
if approved -- will satisfy a necessary condition toward Wrigley
becoming a separate, stand-alone business unit operating under
Mars, Incorporated. The special meeting will be held on September
25, 2008 at 9:00 a.m., Chicago time, at the Chase Auditorium, 10
South Dearborn Street, Chicago, Illinois 60603. Once a quorum is
established, holders of Wrigley stock as of the record date for the
meeting -- July 28, 2008 -- will be entitled to vote on the
proposed merger. Two-thirds majority votes in favor of the proposal
for both Wrigley's common shares and Class B common shares -- with
each class voting separately -- are required for approval. If the
merger is completed, holders of Wrigley Common Stock and Class B
Common Stock will be entitled to receive $80.00 in cash, or the
"merger consideration," for each share of Wrigley Common Stock or
Class B Common Stock owned by them as of the effective time of the
merger. This proxy filing comes in the wake of: -- last week's
receipt of regulatory approval for the proposed merger from the
European Commission, following previous favorable decisions from
United States, Canadian and Australian regulators; and -- the prior
week's initiation of the financing process for the transaction. As
a result, the special meeting of stockholders and an affirmative
vote on the merger proposal are two of the most significant
outstanding matters to be completed in order for the merger to
close. Mars and Wrigley are working to satisfy the remaining
conditions, which are described in the definitive proxy statement,
and effect the merger as quickly as possible following receipt of
stockholder approval. Later today, a new "Proxy & Special
Meeting Information" page will be added to the "Investors" section
of the Wrigley website (http://www.wrigley.com/). Clicking on the
new tab will provide access to materials related to the merger and
the meeting -- including the definitive proxy statement,
information on receiving proxy materials electronically, and a link
to Company's transfer agent. About Wrigley The Wm. Wrigley Jr.
Company is a recognized leader in confections with a wide range of
product offerings including gum, mints, hard and chewy candies,
lollipops, and chocolate. The Company has global sales of $5.4
billion and distributes its world-famous brands in more than 180
countries. Three of these brands -- Wrigley's Spearmint(R), Juicy
Fruit(R), and Altoids(R) -- have heritages stretching back more
than a century. Other well-loved brands include Doublemint(R), Life
Savers(R), Big Red(R), Boomer(R), Pim Pom(R), Winterfresh(R),
Extra(R), Freedent(R), Hubba Bubba(R), Orbit(R), Excel(R), Creme
Savers(R), Eclipse(R), Airwaves(R), Solano(R), Sugus(R), P.K.(R),
Cool Air(R) and 5(TM). Cautionary Statement Regarding
Forward-Looking Information This press release contains statements
which may be considered forward- looking statements within the
meaning of the Securities Exchange Act of 1934, including, without
limitation, statements regarding operating strategies, future plans
and financial results. Forward-looking statements may be
accompanied by words such as "anticipate", "believe", "could",
"estimate", "expect", "forecast", "intend", "may", "possible",
"predict", "project" or similar words, phrases or expressions. The
Company does not undertake any obligation to update the information
contained herein, which speaks only as of the date of this press
release. A variety of factors could cause actual results to differ
materially from the anticipated results or expectations expressed
including, without limitation, the occurrence of any event, change
or circumstance that could give rise to the termination of the
merger agreement and the possibility that the Company would be
required to pay any termination fee in connection therewith; the
outcome of any legal proceedings that may be instituted against the
Company and others following the announcement of the merger
agreement; risks that the required regulatory approvals will not be
obtained in a timely manner, if at all; inability to complete the
merger due to the failure to obtain stockholder approval or failure
to satisfy the other conditions to the completion of the merger;
risks that the proposed transaction disrupts current plans and
operations; the availability or retention of retail space; the
availability of raw materials; changes in demographics and consumer
preferences; changes in foreign currency and market conditions;
increased competition and discounting and other competitive
actions; underutilization of or inadequate manufacturing capacity
and labor stoppages; governmental regulations; and the outcome of
integrating acquired businesses. These factors, and other important
factors that could affect these outcomes are set forth in the
Company's most recently filed Annual Report on Form 10-K and the
Company's other SEC filings, in each case under the heading
"Forward-Looking Statements" and/or "Risk Factors". Such
discussions regarding risk factors and forward-looking statements
are incorporated herein by reference. DATASOURCE: Wm. Wrigley Jr.
Company CONTACT: Christopher Perille, Senior Director - External
Relations of Wm. Wrigley Jr. Company, +1-312-645-4077 Web site:
http://www.wrigley.com/
Copyright
Grafico Azioni Wrigley WM JR (NYSE:WWY)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Wrigley WM JR (NYSE:WWY)
Storico
Da Lug 2023 a Lug 2024