Just In: Advisers on Mars-Wrigley
http://www.thedeal.com/dealscape/2008/04/just_in_…
A host of advisers weighed in on Mars Inc.'s $23 billion deal for Wm. Wrigley Jr. Co. Goldman, Sachs & Co. was financial adviser to Wm. Wrigley in connection with the deal and placement agent for the securities to Berkshire Hathaway Inc. The team included Byron Trott, Adam Taetle, Kelly Rainko, Stefanie Jay, Robbie Robinson, Lauren Polo and Clayton Hanson. William Blair Inc. was also financial adviser to Wrigley and offered a fairness opinion.A Skadden, Arps, Slate, Meagher & Flom LLP team led by William Kunkel that included partners L. Byron Vance, Lynn McGovern, Cliff Aronson, James Venit, Michael Lawson and Ed Welch was counsel to Wrigley.
For financial advice, Mars turned to J.P. Morgan and a Simpson, Thacher & Bartlett LLP team led by M&A partners John Finley and Kathryn Sudol.
Byron Trott, who operates out of the Chicago office for GS, has been one of the only bankers that Buffett has used for many years.
While there is no shortage of merger deals that I do not like, it sounds like the Mars-Wrigley combo actually makes a good deal of sense (e.g., exploiting shared distribution channels, increasing leverage with customers, transferring the management of Mars' non-chocolate business units to Wrigley, etc.)
Yeah, I read about that here: http://blogs.wsj.com/deals/2008/03/03/the-only-banker-warren-buffett-li…
A buddy of mine did his summer at the Chi-town GS office before moving full time to the NY office. For one of the holiday parties held at Byron's house, he gave every employee of the office new iPods.
I am suprised that ChicagoRules hasn't been on this board yet, telling us how Chicago has surpassed New York as a financial center.
maybe because he was banned? i know i warned him but maybe another moderator banned him....
WSO...good for you guys...its much better forum when you run a tight ship
That sounds like a pretty sweet deal.
Either you sling crack rock or you got a wicked jump shot
Literally. lol
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