Warren Buffett may have let a 'zebra' get away in recent weeks, but today he hit his target.
While it may not be an 'elephant' on the scale of $26 billionfor Burlington Northern Santa Fe, it is still one of Berkshire Hathaway's "largest acquisitions in years."
Berkshire says in a news releasethis morning that it is buying Lubrizol for about $9 billion in cash, plus the assumption of another $700 million in debt.
That's $135 a share for the chemicals company, a 28 percent premium over Friday's closing price of $105.44 and an 18 percent boost from its all-time high.
In pre-market trading this morning, Lubrizol shares are up 27 percent to $134, just below the deal price.