Berkshire Hathaway has signed an agreement to acquire 100% of outstanding shares of US-based speciality chemical company Lubrizol for $135 per share.
The transaction is valued at approximately $9.7bn, and includes approximately $700m in net debt.
Following the completion of the transaction, Lubrizol will operate as a subsidiary of Berkshire Hathaway.
The transaction is expected to be completed during the third quarter of 2011.
