Buffett’s Berkshire to Acquire Lubrizol (LZ) for $135 per Share

Berkshire Hathaway (BRKA/BRKB) has agreed to purchase specialty chemicals company Lubrizol Corp. (LZ) in a $9.7 billion cash deal worth $135 per LZ share, the two companies said Monday. The price represents a 28% premium to Lubrizol’s closing stock price Friday of $105.44, and is also 18% above the stock’s all time high. The transaction, [...]