From Reuters:
Warren Buffett’s Berkshire Hathaway Inc agreed to acquire specialty chemical company Lubrizol Corp for $9 billion for cash, making it one of the largest acquisitions in its history.
“Lubrizol is exactly the sort of company with which we love to partner,” said Berkshire’s Chief Executive Warren Buffett.
Berkshire said it would acquire Lubrizol at $135 per share, about 28 percent premium to Lubrizol’s closing price on Friday.
The deal includes assumption of $0.7 billion of debt.
Talk to Frank about this deal here
Related posts:
to follow a category