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Lubrizol Shareholders Approve Acquisition by Berkshire Hathaway

About 95% of votes cast agree to the $135 per share offer.

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By: TOM BRANNA

Editor

At today’s special meeting, shareholders of The Lubrizol Corporation overwhelmingly approved the acquisition of Lubrizol by Berkshire Hathawayfor $135 per share in an all-cash transaction. Approximately 95% of the votes cast, in person or by proxy, voted in favor of the merger. In total, 49.4 million, or 77%, of the shares outstanding as of the April 27, 2011 record date, were represented at the special meeting, constituting a quorum. Adoption of the merger agreement required an affirmative vote...

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