Warren Buffett's Berkshire Hathaway has acquired Lubrizol for $9.7 Billion or $135/share in an all-cash transaction. The transaction includes $700 million in debt of the lubricant business company. There is only four well-known detergent companies globally with the recent fifth coming from China. The move is seen as Warren's new agenda towards the energy market.
Labels: Berkshire Hathaway, Deals, Lubricant, Lubrizol, News, Oil