Deals
Berkshire to Buy Weatherford Units for at Least $750 Million
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Lubrizol, the chemical-additives business at Warren Buffett’s Berkshire Hathaway Inc., agreed to buy two units from Weatherford International Plc for at least $750 million after the seller was squeezed by lower oil prices.
The deal includes the Integrity Industries drilling-fluids business and Engineered Chemistry, which provides additives used in fracking. The price can climb to $825 million depending on performance, Geneva-based Weatherford said today in a statement.