Wrigley To Buy Russia's Korkunov for $300M
By Associated Press | January 24, 2007
CHICAGO — Gum and candy maker Wm. Wrigley Jr. Co. said yesterday it's moving into chocolate, announcing the acquisition of an 80% stake in Russian premium-chocolate company A. Korkunov for $300 million.
Wrigley said it will finance the purchase with available cash and a "modest" amount of debt and buy the remaining 20% interest in Korkunov over time.
