Weatherford Completes Sale Of Engineered Chemistry, Drilling Fluids Businesses; Monetizes Proserv Interest

Transaction Type

Sellers

Weatherford International Plc

Buyers

Berkshire Hathaway Inc.

The Lubrizol Corp.

Announce Date

Mon, 12/01/2014 - 12:00 PM

Post Date

Jan 5, 2015

Close Date

Wed, 12/31/2014 - 12:00 PM

Estimated Price

850MM

Description

Acquired Switzerland-based Weatherford's engineered chemistry and integrity drilling fluids business

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Weatherford Completes Sale Of Engineered Chemistry, Drilling Fluids Businesses; Monetizes Proserv Interest