Specialty chemical company Lubrizol has set the date for its shareholders to vote on Berkshire Hathaway Inc.'s $9 billion offer to buy the company.
Lubrizol Corp. said in documents filed with the Securities and Exchange Commission on Monday that it will hold a special shareholder meeting about the deal with Warren Buffett's company on June 9.
Shareholders will be asked to approve Berkshire's $135 per share offer to buy Lubrizol. The deal that was announced last month also includes Omaha, Neb.-based Berkshire assuming about $700 million in Lubrizol debt.
The deal is expected to close in the third quarter. Lubrizol is expected to keep its Wickliffe, Ohio, headquarters and current management.