Berkshire Hathaway to buy Lubrizol for $9 billion

BANGALORE (Reuters) - Warren Buffett's Berkshire Hathaway Inc agreed to acquire specialty chemical company Lubrizol Corp for $9 billion for cash, making it one of the largest acquisitions in its history.

"Lubrizol is exactly the sort of company with which we love to partner," said Berkshire's Chief Executive Warren Buffett.

Berkshire said it would acquire Lubrizol at $135 per share, about 28 percent premium to Lubrizol's closing price on Friday.

The deal includes assumption of $0.7 billion of debt.

Citi and Evercore Partners are acting as financial advisors to Lubrizol.

(Reporting by Thyagaraju Adinarayan; Editing by Gopakumar Warrier)