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We don't do due diligence - we just look...

2015-10-13 19:34:18| Industrial Machines - Topix.net

Speaking with Carol Loomis at Fortune's Most Powerful Women Summit on Tuesday, Buffett explained the process that led to Berkshire Hathaway's big deal of the summer , its $37 billion acquisition of Precision Castparts, a manufacturer of parts for airplanes. Buffett told Loomis he met with Precision Castparts CEO Mark Donegan for about 10 or 15 minutes and asked whether he would listen to a takeover offer from Berkshire.

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