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Lubrizol acquired by Warren Buffett's Berkshire Hathaway for $9.7 billion

September 2011

Client(s) Lubrizol Corporation, The

Jones Day advised The Lubrizol Corporation in its acquisition by Berkshire Hathaway for $9.7 billion. Berkshire Hathaway acquired 100% of Lubrizol's outstanding shares for $135 per share in an all-cash transaction. The transaction, which was unanimously approved by the board of directors of each company, is valued at approximately $9.7 billion, including approximately $0.7 billion in net debt, making this one of the largest acquisitions in Berkshire Hathaway's history.

In addition to M&A representation, Jones Day provided employee benefits and antitrust advice regarding this transaction.

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