No more candy for Buffett

By Staff | October 6, 2016 | Last updated on October 6, 2016
1 min read

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 That stake amounted to 19.38% in Wrigley.

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The terms of the deal were undisclosed.

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The staff of have been covering news for financial advisors since 1998.