Berkshire, owned by billionaire Warren Buffett, today agreed to
buy Lubrizol for about $9 billion in the investor’s second-biggest
acquisition in the past five years. Berkshire will pay $135 a share
in cash, 28 percent more than Lubrizol’s closing price on March 11,
the Omaha, Nebraska-based company said in a statement today.
The purchase includes an additional $700 million of net debt.
this is an investment to hold for many years ahead.
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