Evidence receipt / belief
Published · transcript-backedDavid Rosenthal: belief
16 Dec 2024 Acquired Mars Inc. (the chocolate story)
“Having Buffett come in, put his stamp of approval, calm everybody down even in the midst of all the craziness with Lehman, I suspect there’s no way the deal gets done if Berkshire doesn’t get involved.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 16 Dec 2024
- Publisher
- Acquired
- Episode
- Mars Inc. (the chocolate story)
Transcript context
…No. In fact, they classically never do acquisitions with outside banks. They’re obsessed with using only their own cash. And Goldman was Berkshire’s preferred bank, so they probably put Goldman in. The other aspect to this is the Wrigley shareholders. You had to give confidence to the Wrigley shareholders to vote for the deal to get it done. Having Buffett come in, put his stamp of approval, calm everybody down even in the midst of all the craziness with Lehman, I suspect there’s no way the deal gets done if Berkshire doesn’t get involved. That’s really interesting.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.