OMAHA, NE, and DENVER, CO — Berkshire Hathaway, Inc. (BH) and Johns Manville (JM) have approved and entered into a definitive merger agreement, pursuant to which BH will acquire all of the outstanding shares of JM for $13.00 per share in cash.
The board of directors of JM has unanimously approved the merger agreement and recommends that shareholders tender their shares into the tender offer. The Manville Personal Injury Settlement Trust (the trust), which owns approximately 76% of the outstanding common stock of Johns Manville, has agreed to tender its shares into the offer.