New York (HedgeCo.net) – Hedge fund and investor giant Warren Buffett announced the $9.7 billion purchase of Lubrizol, an Ohio chemical and lubricants company Lubrizol, UK news source The Guardian reported.
“Lubrizol is exactly the sort of company with which we love to partner – the global leader in several market applications, run by a talented CEO, James Hambrick,” said Buffett. “Our only instruction to James – just keep doing for us what you have done so successfully for your shareholders.”
“Our elephant gun has been reloaded, and my trigger finger is itchy,” Buffett said in his annual letter to Berkshire shareholders last month, according to the Guardian. Berkshire Hathaway is worth $38 billion.
Alex Akesson
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