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Wrigley acquires Russian chocolate company.(Newsletter)

Candy Industry

| February 01, 2007 | COPYRIGHT 2008 BNP Media. (Hide copyright information)Copyright

Wrigley Jr. Co. purchased 80% of Russian chocolate company A. Korkunov for $300 million in an effort to expand its premium chocolate and global marketplaces. Wrigley said available cash will fund the purchase and a "modest" amount of debt. The company will purchase the remaining 20% …

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