We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Munger Tolles Reps Berkshire In $9B Lubrizol Buy

Law360 (March 14, 2011, 2:04 PM EDT) -- Berkshire Hathaway Inc. announced Monday that it had agreed to purchase all outstanding shares of Ohio-based Lubrizol Corp., the world's largest producer of engine lubricant chemicals, for $135 per share in an all-cash transaction valued at $9 billion.

The purchase price is 28 percent higher than the closing price of Lubrizol shares on Friday, and 18 percent higher than the company's all-time high stock price, Lubrizol and Berkshire said.

The merger was unanimously approved by both companies' boards of directors and represents one of the largest...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.