Mars will buy out Warren Buffett’s stake in its Wrigley subsidiary as part of an integration move, reports Bloomberg.
The company was paying a 5% annual dividend to Buffett’s Berkshire Hathaway Inc., which had $2.1 billion in preference shares, reports FT.com. That stake amounted to 19.38% in Wrigley.
Read: Guess who’s richer than Buffett
The terms of the deal were undisclosed.
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