U.S. stocks Warren Buffett’s Berkshire Hathaway Company announced on the 14th that it agreed to purchase Lubrizol, the world’s largest additive manufacturer, for approximately US$9 billion. Berkshire Hathaway Company issued a statement on the same day that the company will pay Lubrizol $ 135 per share of cash, a 28% premium over the company's stock closing price on the 11th. If the deal is completed, it will be Buffett’s second-largest acquisition in the past five years. Prior to this, in 2009, Buffett spent US$26.3 billion to acquire the North Burlington-Santa Fe Detour Company, which is by far its largest acquisition. Buffett said in the statement: "Lubrizol is exactly the kind of company we like to collaborate with, and it has a leading position in many global market applications and is managed by the talented CEO James Hamblek." In his annual letter to shareholders of Berkshire Hathaway Company last month, Warren Buffett said that by the end of 2010, the company’s cash reserves will reach 38 billion U.S. dollars, and this year's reserve will be used to find larger-scale mergers and acquisitions. opportunity. Warren Buffett is a world-renowned investor and founded Berkshire Hathaway in 1956 and has become a world-renowned insurance and diversified investment group. Founded in 1928, Lubrizol Corporation, headquartered in Ohio, is a leading global specialty chemical company and one of the largest companies in the international additive industry. Metal stamping Power Metal Stamping Plate Housing
Industrial Stamping was born in a garage 60years ago. Hard work, smart decision making, commitment to our customers and vendors, Industrial Stamping continues moving forward. We are a family run business which means short chain of command, quick decision making, accountability and willingness to take risks with our customers.
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