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Monday, December 1, 2014

Weatherford Sells Chem, Drilling Units To Berkshire



Investors.com http://ift.tt/1wcBYnJ Multinational oil company Weatherford International (WFT) says that it has agreed to sell its engineered chemistry and integrity drilling fluids business to Berkshire Hathaway's (BRKA) Lubrizol for $750 million in cash, with $75 million in additional possible post-closing earnout. The move is part of Weatherford's plans to divest its noncore business and brings its realized cash divestiture proceeds to about $1.8 billion during 2014, with implied


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