lubrizol

Lubrizol Shareholders Approve Acquisition by Berkshire Hathaway

Published on Thu, 06/09/2011 - 11:40
By FNNO Staff in General Interest, brk.a, BRK.B, LZ, acquisition, berkshire hathaway, business, finance, investing, lubrizol, merger, news, stock, News Update

Votes tallied for the merger, represent 49.4 mln, or 77%, of the company's shares outstanding as of the April 27 record date. Of those, 95% were in favor.

The transaction is anticipated to close by Q3 of 2011 and its completion subject to satisfaction of customary closing conditions.

acquisition, berkshire hathaway, business, finance, investing, lubrizol, merger, news, stock

Lubrizol (NYSE:LZ), a specialty chemical company, today announced that at a special meeting, company shareholders overwhelmingly approved Berkshire Hathaway's (NYSE:BRK.A) (NYSE:BRK.B) acquisition of Lubrizol Corp. for an all-cash

By FNNO Staff
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What's In The News: May 02, 2011

all3media, amazon, amzn, analysis, berkshire hathaway, brk.a, finance, investing, lubrizol, news, sne, sony, stock, trading, warner music group, warren buffett, wemg

This is what's in the news for Monday, May 2, 2011. the Independent reports that Sony Pictures Television, a part of Sony (SNE), is considering a takeover bid for All3Media, the production company behind The Only Way Is Essex. Th

By FNNO Staff
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Berkshire Hathaway's Buffett Announced Sokol's Resignation

Buffett said that late in the day on March 28 he received a surprising letter from Dave, delivered by his assistant.

analysis, berkshire hathaway, BRK, business, david sokol, financial, insider trading, lubrizol, market, news, stock, trading, warren buffett

Berkshire Hathaway's CEO Warren E. Buffett announced the resignation of David L. Sokol, Chairman of several Berkshire subsidiaries, according to a Bloomberg report.

By FNNO Staff
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What's In The News: March 31, 2011

analysis, berkshire hathaway, BRK, business, ceph, cephalon, chrysler, david sokol, financial, gasoline, insider trading, ipo, lubrizol, market, news, prius, stock, toyota, trading, valeant pharmaceutical, vrx, warren buffett

This is what's in the news for Thursday, March 31st. the Wall Street Journal reports that Berkshire Hathaway's (BRK.A) David Sokol has resigned over his personal stock trading...

By FNNO Staff
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What's In The News: March 21st, 2011

analysis, berkshire hathaway, business, eli lilly, financial, lubrizol, market, morning, news, nissan, rio tinto, sony, stock, trading

This is what's in the news for Monday, March 21st. the Financial Times reports that Rio Tinto (RIO) is eyeing a tie-up with Alrosa, a state-owned miner in Russia, in an effort to push into diamond mining in the country, ...the

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Rumors Of Insider Trading Swirl Around Berkshire Hathaway's Deal For Lubrizol

A single block of 2,168 April $110 calls traded for $2.35 each that day, their value surging 11-fold to $24.70 yesterday.

analysis, berkshire hathaway, bloomberg, brk.a, brk.b, business, citigroup, evercore partners, financial, insider trading, lubrizol, lz, market, news, options trading, stock, trading

Rumors of insider trading surround Berkshire Hathaway's (NYSE:BRK.B) deal to buy Lubrizol (NYSE:LZ) announced just yesterday, after analysis by Bloomberg showed call trading surged suspiciously on March 9th, 5 days before the deal

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Lubrizol Tops Q4 Estimates, Guides 2011 Above Consensus (LZ)

The company said it sees 2011 EPS of $11.05-$11.55, vs. a Street estimate of $10.82 per share.

CEO James Hambrick stated, "We had a good finish to another excellent year for revenues and earnings. Volumes for the quarter came in very close to plan, ahead of last year and in line with our historical quarterly volume trends.

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Lubrizol (NYSE:LZ) reported Q4 EPS of $2.45, ex-items, topping consensus estimates of $2.19. Revenue totaled $1.32 billion and was also better than the $1.29 billion analysts were expecting.

By FNNO Staff
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