Berkshire, Lubrizol May Move Merger Date To Dec. 31 - Filing
June 13 2011 - 4:24PM
Dow Jones News
Warren Buffett's Berkshire Hathaway Inc. (BRKA, BRKB) and
chemicals maker Lubrizol Corp. (LZ) agreed to extend the date of
their merger to Dec. 31 under certain conditions, according to a
regulatory filing.
Lubrizol said Monday the two companies had agreed to amend their
merger agreement so the deadline is extended if the companies
haven't secured the required approvals from regulators by Sept. 15,
so long as they've met all other closing conditions or if all other
closing conditions "are capable of being fulfilled."
Lubrizol "continues to expect the closing to occur during the
third quarter of this year but, at the company's request, this
extension was agreed to in order to provide additional time for
such approvals in the event it is needed," the filing said.
Berkshire agreed in March to acquire Lubrizol for $135 per
share. David Sokol, a Berkshire executive who brought the idea for
the deal to Buffett, later resigned amid questions about his
purchases of Lubrizol stock before the deal was finalized.
-By Erik Holm, Dow Jones Newswires; 212-416-2892;
erik.holm@dowjones.com
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