Akhir 1432 / 14 March 2011, SPA -- Berkshire Hathaway investment firm Monday said it had purchased Lubrizol Corp for 9.7 billion dollars, including debt, adding to Warren Buffett's transport portfolio that includes an entire freight rail system, according to dpa. Berkshire was paying 135 dollars per share in cash, a 28-per-cent premium over Lubrizol's closing price on Friday, Buffet's company said in a statement. The Ohio-based Lubrizol makes engine lubricants. Buffet's transport interests already include cars, trucks, luxury jets and Burlington Northern Santa Fe, the second largest US railroad acquired last year for 26.5 billion dollars. The legendary US investor puts his money only into companies whose products he can understand. "Lubrizol is exactly the sort of company with which we love to partner," Buffett said in a statement. Buffett has set the theme of his 2011 annual meeting in April as "Planes, Trains and Automobiles."
