No more candy for Buffett

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 […]

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 FT.com. That stake amounted to 19.38% in Wrigley.

Read: Guess who’s richer than Buffett

The terms of the deal were undisclosed.

Also read:

Berkshire investor shares AGM highlights

Red flags for equity investors