Berkshire to buy Lubrizol

Berkshire to buy Lubrizol

Billionaire Warren Buffett’s Berkshire Hathaway Inc agreed to buy chemical and lubricant maker Lubrizol Corp for $9 billion in cash.

Berkshire will acquire Lubrizol for $135 per share, about 28 per cent premium to Lubrizol’s closing price on Friday. The deal includes the assumption of $0.7 billion of debt.