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Law Firm Investigating Acquisition of The Lubrizol Corporation

March 21, 2011
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According to Business Wire, Bull & Lifshitz, LLP recently announced an investigation into possible breaches of fiduciary duty in connection with the proposed acquisition of The Lubrizol Corporation by Berkshire Hathaway in a cash transaction valued at approximately $9.7 billion, including approximately $0.7 billion in net debt. Under the terms of the agreement, Berkshire Hathaway will acquire 100 percent of outstanding Lubrizol shares for $135 per share in an all-cash transaction. After the close of the transaction, Lubrizol will operate as a subsidiary of Berkshire Hathaway and will remain located at its Wickliffe, Ohio headquarters and will continue to be led by its current management team. Berkshire Hathaway and Lubrizol expect the transaction to be completed during the third quarter of 2011. The investigation is focused on whether the proposed deal provides adequate value to the Company’s shareholders.

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