A majority of Lubrizol shareholders support Berkshire Hathaway Inc.'s $9 billion offer to buy the specialty chemical company for $135 cash per share.
Lubrizol held a special shareholder meeting Thursday, and 95 percent of the votes cast supported selling Lubrizol to Warren Buffett's Omaha-based conglomerate.
The deal that was announced in March also includes Berkshire assuming about $700 million in Lubrizol debt.
Lubrizol's Chairman and CEO James Hambrick says this deal will put the chemical company in a good position to continue growing.
If regulators approve, the deal should close in the third quarter. Lubrizol is expected to keep its Wickliffe, Ohio, headquarters and current management.
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