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The William Wrigley Jr. Company had 232.441 million shares outstanding. A repurchase of shares would alter that amount. The Wrigley family controlled 21% of the
The William Wrigley Jr. Company had 232.441 million shares outstanding. A repurchase of shares would alter that amount. The Wrigley family controlled 21% of the common shares outstanding and 58% of Class B common stock, which had superior voting rights to the common stock.1 Assuming the Wrigley family did not sell any shares, how would the share-repurchase alternative affect the familys voting-control position in the company?
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