Energy M&A » By The Online Investor Staff, updated Sat., Apr. 20, 11:33 AM
Recent mergers and acquisitions in the Energy M&A category.
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Slide #91. Berkshire Hathaway — Flow Improver Business from Phillips 66
Acquirer:
Berkshire Hathaway (BRK.A)
Acquiree:
Flow Improver Business from Phillips 66 (PSX)
Details:
Berkshire Hathaway Inc. (NYSE:BRK.A) is acquiring Phillips Specialty Products Inc. (PSPI), a flow improver business, from Phillips 66 (NYSE:PSX). In exchange for the share capital of the wholly owned subsidiary, Phillips 66 will receive shares of Phillips 66 common stock currently held by Berkshire Hathaway. The specific number of shares will be determined by the share price at deal closing.
Berkshire Hathaway is a holding company owning subsidiaries engaged in several business activities. Co.'s segments include: Insurance and Reinsurance Businesses, which provide insurance and reinsurance of property and casualty and life, accident and health risks; Railroad Business, which operates railroad systems in North America; Utilities and Energy Businesses, which generate, transmit, store, distribute and supply energy; Manufacturing Businesses, which include industrial products, building products and consumer products; and Service and Retailing Businesses, with service businesses providing grocery and foodservice distribution and retailing businesses including automotive operation.
Open the BRK.A Page at The Online Investor »
Berkshire Hathaway is a holding company owning subsidiaries engaged in several business activities. Co.'s segments include: Insurance and Reinsurance Businesses, which provide insurance and reinsurance of property and casualty and life, accident and health risks; Railroad Business, which operates railroad systems in North America; Utilities and Energy Businesses, which generate, transmit, store, distribute and supply energy; Manufacturing Businesses, which include industrial products, building products and consumer products; and Service and Retailing Businesses, with service businesses providing grocery and foodservice distribution and retailing businesses including automotive operation.
Open the PSX Page at The Online Investor »
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