Warren Buffett shelled out $6.5 billion to help Mars buy Wrigley during the financial crisis. Here's how he made the candy deal happen.
was a fan of Wrigley and Mars years before he got involved with the maker of Juicy Fruit and Altoids, and the confectioner behind M&Ms and Snickers.told CNBC
Buffett's familiarity with the candy business and both Wrigley and Mars products meant he felt comfortable dealing with them at a difficult time. Privately owned Mars decided to pay $11 billion itself, secure a $5.7 billion debt facility from Goldman Sachs, and enlist Buffett and Berkshire to provide the rest of the financing.
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