Lubrizol shareholders approve acquisition by Berkshire Hathaway

09 June 2011 15:13  [Source: ICIS news]

HOUSTON (ICIS)--Shareholders of Lubrizol have approved the $135/share takeover bid by Warren Buffett’s Berkshire Hathaway, the US-based specialty chemicals firm said on Thursday.

About 95% of votes cast at a special meeting backed the $9.7bn (€6.7bn) deal, which was first announced in March.

Lubrizol said it expects the transaction to close in the third quarter of 2011.

The company will remain headquartered in Wickliffe, Ohio, and will continue to be led by CEO James Hambrick, it said.

For more on Lubrizol and other producers, visit ICIS company intelligence


By: Stefan Baumgarten
+1 713 525 2653



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