Keyword: markets and companies

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David Sokol Deceived, Broke Law, Says Berkshire Hathaway

28.04.2011 - Former Berkshire Hathaway executive David Sokol deliberately misled Warren Buffett when pitching an investment to him, the company's board concluded in a scathing report that may...

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Berkshire's Lubrizol Deal: Key Events

28.04.2011 - Warren Buffett's leading heir apparent at Berkshire Hathaway, David Sokol, resigned after buying shares in Lubrizol, a chemical company he then pushed Buffett to buy. Here is a...

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Merck & Co to Buy Back Up To $5 Billion Of Its Shares

28.04.2011 - Merck & Co said on Wednesday it plans to buy back up to $5 billion in shares, bringing its total share buyback program to $6.4 billion. The Whitehouse Station, New Jersey-based...

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Citi Bankers 'Shocked' At Sokol Lubrizol Shares

04.04.2011 - Bankers at Citigroup were unaware when discussing the possible sale of chemical company Lubrizol with the man tipped to succeed Warren Buffett that he had any intention to buy...

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3i Kicks Off Azelis Chemicals Sale

28.03.2011 - British private equity firm 3i Group has kicked off the sale of Azelis, a Belgium headquartered chemicals distributor with €1 billion euros in sales, people familiar with the...

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Yanzhou, India's Aditya Eye Whitehaven Bids

23.03.2011 - China's Yanzhou Coal Mining Co and India's Aditya Birla group are among parties preparing to submit second-round bids for Australian coal miner Whitehaven Coal which is seeking...

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Axel Heitmann Eyeing Small, Mid-Sized Takeovers

18.03.2011 - The Chief Executive of Lanxess, Axel Heitmann, said on Thursday the rubber chemicals specialist is screening the market for small to medium-sized takeover opportunities.

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Lubrizol Deal Has $200 Million Breakup Fee

16.03.2011 - Lubrizol it could have to pay a $200 million breakup fee if it walks away from its $9 billion deal to sell itself to Warren Buffett's Berkshire Hathaway. The lubricant maker would...