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 ?xml:namespace>
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