Business Services Industry
Wrigley's big league chew; Hershey bid shows firm has appetite for risk.(Brief Article)
Crain's Chicago Business, September, 2002 by Gallun, Alby
Byline: ALBY GALLUN and JAMES B. ARNDORFER Wm. Wrigley Jr. Co. will never be the same. Its unsuccessful $12.5-billion bid to buy Hershey Foods Corp. shows that it is willing to transform itself with a huge deal. And that signals a willingness to put a heap of borrowed money on the company's debt-free balance sheet, dilute its shareholdings, shift operations to incorporate new products and even overhaul the conservative culture that has characterized the 111-year-old gum maker.
``Wrigley has moved from the sidewalk into the parade,'' says Leonard Teitelbaum, an analyst at New York-based Merrill Lynch & Co. ``They're now a player.'' The bid, which was foiled when Hershey was pulled off the block last week, shows that Chicago-based Wrigley is eager to do a...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
