VANCOUVER, BC (September 14, 2011) Clearlease Financial Reports Warren Buffett’s company announced expects to complete its $9 billion acquisition of specialty chemical maker Lubrizol on Friday.
Berkshire Hathaway Inc. (NYSE:BRK-A) said Wednesday Sept 14, 2011 that Chinese regulators have approved the deal that was announced in March. That was the last remaining hurdle for the acquisition.
Lubrizol shareholders voted in June to support selling the company to Berkshire for $135 per share. Berkshire will also assume about $700 million in Lubrizol debt.
But few changes are expected at Lubrizol’s Wickliffe, Ohio, headquarters because of the deal because Berkshire typically allows the companies it acquires to continue operating much like they did beforehand.
Lubrizol will join roughly 80 other Berkshire subsidiaries that include a diverse mix of insurance, utility, clothing, furniture and manufacturing firms.
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For more information please visit us at: http://www.clearlease.com/equipment.html
Clearlease Financial Group Corporation (Clearlease.com) may be able provide you with fully diversified Lease Finance Mortgage Banking Brokerage service specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
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