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Precision Castparts: A Top Merger Arbitrage Opportunity
2015-10-27 08:18:09| Industrial Machines - Topix.net
On August 10, 2015, Precision Castparts announced that it had agreed to be acquired by conglomerate Berkshire Hathaway for $235 per share in cash, a 21% premium to the August 7 closing price. As you can see in the chart of PCP's stock price below, PCP's value jumped following the acquisition announcement and has stayed close to the per-share acquisition price since.
Tags: top
opportunity
precision
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Category:Industrial Goods and Services
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