March 14 at 6:23 a.m.
Filed under:
M&A,
Pharmaceuticals
By CNN
Warren Buffett. (Mandel Ngan/AFP/Getty Images)
Warren Buffett’s investment company, Berkshire Hathaway, said Monday that it has agreed to buy the chemical company Lubrizol for $9.7 billion.
Berkshire Hathaway and Lubrizol said the deal was for 100 percent of all outstanding shares at $135 per share. That’s a 28 percent premium over Lubrizol’s closing price on Friday of $105.44 per share, and is 18 percent higher than the company’s highest-ever closing price, according to the companies.
The deal includes $700 million in assumed debt.
Berkshire described the deal as “one of the largest acquisitions in Berkshire Hathaway history.“ Get the full story »
Jan. 10 at 6:08 a.m.
Filed under:
Agriculture/Farming,
Food,
M&A
By Associated Press
DuPont Co. says it is buying Danish food ingredients maker Danisco A/S for $5.8 billion as it looks to broaden its food and biofuels operations. The deal has a total value of $6.3 billion, which includes the assumption of $500 million in debt. Get the full story »
Oct. 28, 2010 at 6:19 a.m.
Filed under:
Earnings,
Manufacturing
By Associated Press
Dow Chemical says its third-quarter earnings fell 28 percent on a slew of one-time charges. Its adjusted results still topped Wall Street’s expectations. Get the full story »
Sep. 9, 2010 at 12:26 p.m.
Filed under:
Environment,
Government,
Green
By Associated Press
Consumers will get a newly detailed look at exactly what’s in common household cleansers, as regulators plan to start enforcing a nearly 40-year-old state law that would force manufacturers to reveal their products’ contents.
The move comes amid growing scrutiny of the chemicals that make up consumer goods. Possibly the only measures of their kind in the country, the 1971 New York law and related regulations call for manufacturers to provide ingredient lists and research on the products’ health and environmental effects.
