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Corporate

Mar. 16, 2011

L.A. Lawyers Advise on Berkshire Buy

Warren Buffet's Berkshire Hathaway Inc. announced it will acquire chemical manufacturer The Lubrizol Corp. for $9.7 billion, making it one of the largest purchases in the investor's history.


By Ben Adlin


Daily Journal Staff Writer


Business conglomerate Berkshire Hathaway Inc. agreed to acquire chemical manufacturer and supplier The Lubrizol Corp. in a $9.7 billion transaction announced Monday.


The deal is one of the priciest purchases in Berkshire Hathaway history and among the market's biggest this year. The Omaha, Neb.-based holding company will pay $9 billion in cash and assume nearly $700 million in debt.


Munger,...

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