Berkshire agreed to Buy Largest Producer of Lubricant Additives, Lubrizol

Mar 17, 2011, 16:56 IST

Berkshire Hathaway in March 2011 agreed to buy Lubrizol, the world’s largest producer of lubricant additives.

Warren Buffett’s Berkshire Hathaway in March 2011 agreed to buy Lubrizol, the world’s largest producer of lubricant additives.  Berkshire agreed to buy Lubrizol for about $9 billion in the cash-flush investor’s second-biggest acquisition in the past five years. Berkshire will pay $135 a share in cash. The purchase includes an additional $700 million of net debt.


Buffett is using his almost $40 billion pile of cash to pursue bigger acquisitions after Berkshire generated about $1 billion in free cash flow a month in 2010.


The Lubrizol purchase marked Warren Buffett’s second largest purchase since 2006 after his agreement in 2009 to buy Burlington Northern Santa Fe railroad during the recession.

Jagranjosh
Jagranjosh

Education Desk

Your career begins here! At Jagranjosh.com, our vision is to enable the youth to make informed life decisions, and our mission is to create credible and actionable content that answers questions or solves problems for India’s share of Next Billion Users. As India’s leading education and career guidance platform, we connect the dots for students, guiding them through every step of their journey—from excelling in school exams, board exams, and entrance tests to securing competitive jobs and building essential skills for their profession. With our deep expertise in exams and education, along with accurate information, expert insights, and interactive tools, we bridge the gap between education and opportunity, empowering students to confidently achieve their goals.

... Read More
Get here latest daily, weekly and monthly Current Affairs and GK in English and Hindi for UPSC, SSC, Banking, Railway, Defence and exams. Download Jagran Josh Current Affairs App.

Take Weekly Tests on app for exam prep and compete with others. Download Current Affairs and GK app

AndroidIOS

Trending

Latest Education News