Billionaire Warren Buffett's Berkshire Hathaway Inc (BRKa.N) struck a deal to buy lubricants maker Lubrizol Corp (LZ.N) for $9 billion in cash to tap rising demand for chemicals used to operate engines and machinery. Just two weeks ago, Buffett wrote to Berkshire shareholders vowing to use its huge cash pile on acquisitions. "Our elephant gun has been reloaded, and my trigger finger is itchy," the 80-year-old investor wrote in his annual letter. [ID:nN14262951] Lubrizol, will continue to be led by its current management team under James Hambrick, the companies said.
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