Buffett’s Lubrizol Acquisition Unaltered by Sokol Departure, Hambrick Says
Lubrizol Corp. (LZ) said its sale to Berkshire Hathaway Inc. (BRK/A) will be completed “as quickly as possible” and is unaltered by the resignation of a senior executive who helped Warren Buffett negotiate the takeover.
David Sokol’s departure from Omaha, Nebraska-based Berkshire doesn’t “in any way alter the terms or the timing of our proposed transaction,” Lubrizol Chief Executive Officer James Hambrick said today in a regulatory filing. “We are continuing to work with Berkshire Hathaway to complete the merger as quickly as possible.”
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