Adhesives & Sealants Headlines

Lubrizol Shareholders Approve Acquisition

June 20, 2011
/ Print / Reprints /
ShareMore
/ Text Size+

The Lubrizol Corp. recently announced that its shareholders overwhelmingly approved the acquisition of the company by Berkshire Hathaway for $135 per share in an all-cash transaction. Approximately 95% of the votes cast, in person or by proxy, voted in favor of the merger. In total, 49.4 million (77%) of the shares outstanding as of the April 27 record date were represented at the special meeting, constituting a quorum. The adoption of the merger agreement required an affirmative vote of a simple majority of the Lubrizol common shares outstanding.

“With this approval, we are one step closer to becoming a wholly owned subsidiary of Berkshire Hathaway,” said James L. Hambrick, Lubrizol chairman, president, and CEO. “I am excited about the future of Lubrizol. The acquisition leaves us well-positioned to continue executing our growth agenda, which includes geographic expansion, product innovation, investment in infrastructure and complementary acquisitions."

For more information, visit www.lubrizol.com.

Did you enjoy this article? Click here to subscribe to Adhesives & Sealants Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

ASI April 2014 Photo Gallery

Our April 2014 issue is now available!

Podcasts

ExxonMobil Tackifier Expansion

Dwight Tozer, vice president of ExxonMobil’s Adhesion Industry business, discusses the company’s latest tackifier expansion project with Editor-in-Chief Susan Sutton.

More Podcasts

Adhesives & Sealants Industry Magazine

ASI December 2014 cover

2014 December

The annual Buyers' Guide is here! You won't want to miss this.

Table Of Contents Subscribe

Bonding Plastics

Are you involved in bonding plastics or other difficult-to-bond substrates?
View Results Poll Archive

THE ADHESIVES STORE

handbook-sealant-tech.gif
Handbook of Sealant Technology

The Handbook of Sealant Technology provides an in-depth examination of sealants, reviewing their historical developments and fundamentals, adhesion theories and properties, and today’s wide range of applications.

More Products

ASI 2014 Buyers GuideASI's Buyers' Guide

Annual purchasing resource for equipment used in the manufacture/formulation of adhesives, sealants, pressure sensitives, tapes and labels and for application of finished adhesives. 

STAY CONNECTED

facebook_40px twitter_40  youtube_40pxlinkedin_40 google+ icon ASI 30px

Clear Seas Research

With access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.