Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed acquisition of The Lubrizol Corporation (NYSE: LZ) (referred to as "Lubrizol" or the “Company”) by Berkshire Hathaway in a cash transaction valued at approximately $9.7 billion, including approximately $0.7 billion in net debt.
Under the terms of the agreement, Berkshire Hathaway will acquire 100% of outstanding Lubrizol shares for $135 per share in an all-cash transaction. After the close of the transaction, Lubrizol will operate as a subsidiary of Berkshire Hathaway and will remain located at its Wickliffe, Ohio headquarters and will continue to be led by its current management team. Berkshire Hathaway and Lubrizol expect the transaction to be completed during the third quarter of 2011.
Bull & Lifshitz, LLP's investigation is focused on whether the proposed deal provides adequate value to the Company’s shareholders. If you are a holder of Lubrizol stock and want to discuss your legal rights, you may e-mail or call Bull & Lifshitz, LLP who will, without obligation or cost to you, attempt to answer your questions.
If you are a shareholder of Lubrizol and would like more information about our investigation, please contact Peter D. Bull, Esq. by telephone at (866) 313-6222 or by sending an e-mail including your contact information to: firstname.lastname@example.org. All e-mail correspondence should make reference to Lubrizol.Bull & Lifshitz, LLP is a New York City-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please visit our website at www.nyclasslaw.com. ATTORNEY ADVERTISING . © 2011 Bull & Lifshitz, LLP. The law firm responsible for this advertisement is Bull & Lifshitz, LLP, 18 East 41 st Street, New York, New York 10017, (212) 213-6222. Prior results do not guarantee or predict a similar outcome with respect to any future matter.