Class Action Seeks To Halt Mars-Wrigley Merger

Law360 (May 1, 2008, 12:00 AM EDT) -- A W.M. Wrigley Jr. Co. shareholder has asked a federal court to block the gum company's proposed $23 billion purchase by private candy company Mars Inc., calling the deal unfair to public shareholders.

The plaintiff filed his complaint as both a proposed class action against the company and a derivative suit against the directors Wednesday in the U.S. District Court for the Northern District of Illinois.

Accusing the directors of breach of fiduciary duty and control and of gross mismanagement, the suit asked the court to...
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