NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are investigating the Board of Directors of Lubrizol Corporation (NYSE: LZ) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Berkshire Hathaway, Inc. (NYSE: BRK.A). Under the terms of the proposed deal, Lubrizol shareholders will receive $135 in cash per each share of Lubrizol they own for a transaction value of approximately $9.7 billion, including the assumption of approximately $700 million in net debt.
The investigation concerns whether the Lubrizol Board of Directors breached their fiduciary duties to Lubrizol stockholders by failing to adequately shop the Company before entering into this transaction and whether Berkshire Hathaway is underpaying for Lubrizol shares. According to Thomson/First Call, at least one analyst set a price target of $148.00 per share of Lubrizol stock.
If you own common stock in Lubrizol and wish to obtain additional information, please contact Vincent Wong, Esq. either via email email@example.com, by telephone at 212.584.2740, or visit http://www.wongesq.com/lubrizol-corp.html.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.