2011年3月14日 星期一

巴菲特用一股135美元買下 LZ

巴菲特用一股135美元買下 LZ
135美元的預期報酬率大約是 15%
我越來越懷疑有人把盈再表寄給巴菲特了
















「陸比瑞榮公司Lubrizol Corp. 集中於工業及運輸高度表現之化學製品、系統和服務的全球性流體技術公司。其公司集團發展、製造和販賣附加套裝軟體以及使用於運輸及工業完成潤滑油的相關產品。陸比瑞榮公司集團將產品線集合到兩個操作部門:運輸的化學藥品部門以及工業用化學藥品部門。」...Quote123

http://www.cnbc.com/id/42068141

Warren Buffett Hits His Mark with $9 Billion Deal for Lubrizol
Published: Monday, 14 Mar 2011 7:33 AM ET Text Size By: Alex Crippen
Executive Producer

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 Burlington Northern Santa Fe, it is still one of Berkshire Hathaway's "largest acquisitions in years."

Berkshire says in a news release this 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.

In pre-market trading this morning, Lubrizol shares are up 27 percent to $134, just below the deal price.

Current price: [LZ 105.44 0.37 (+0.35%) ]

In the release, Buffett's focus on strong management is highlighted with this quote attributed to him:

"Lubrizol is exactly the sort of company with which we love to partner – the global leader in several market applications run by a talented CEO, James Hambrick. Our only instruction to James – just keep doing for us what you have done so successfully for your shareholders.”

As pointed out in David Faber's blog this morning, "The company fits the typical profile favored by Warren Buffett in his purchases. It has fairly predictable cash flows and a high return on equity. The purchase price represents roughly 7.6 times Lubrizol's (cash flow.)

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