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Buffett pays high price for Precision Castparts
2015-08-11 10:30:40| Food - Topix.net
Warren Buffett is paying a hefty price for the biggest bet of his career as his Berkshire Hathaway Inc. has agreed to buy Precision Castparts Corp., valuing the maker of aerospace and other parts at $32.3 billion. The purchase is Berkshire's largest, and it accelerates its transformation from a company largely dependent on insurance businesses into one resembling the broader U.S. economy, including a railroad, several industrial companies, utilities, a car dealership and consumer goods businesses.
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Portland aerospace giant Precision Castparts sold to Warren Buffett's company for $37B
2015-08-11 10:23:12| Footwear - Topix.net
The boards of both Precision and Berkshire Hathaway Inc. unanimously approved the deal for $235 per share in cash. The transaction comes in at $37.2 billion, a figure that includes $5.2 billion in Precision's debt.
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Berkshire Hathaway buying Precision Castparts for about $32B
2015-08-11 05:55:03| Industrial Machines - Topix.net
The announcement ended a weekend of speculation that a deal was in the works between the legendary investor and the maker of components for aircraft, power plants and other industrial uses. Berkshire will pay $235 per share in cash for Precision Castparts' outstanding stock.
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Berkshire Hathaway buying Precision Castparts for about $32B
2015-08-11 05:55:02| Industrial Machines - Topix.net
Warren Buffett is making the biggest bet of his long investment career, a $32.36 billion buyout of Precision Castparts in a deal that will continue to reshape his Berkshire Hathaway conglomerate. The acquisition of the aerospace and industrial company would top Buffett's $26.7 billion deal for BNSF railroad in 2010.
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precision
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hathaway
Berkshire Hathaway to buy Precision Castparts for US$37.2b
2015-08-11 02:40:26| Railroads - Topix.net
The deal is valued at about US$37.2 billion, eclipsing Berkshire's 2010 acquisition of rail operator Burlington Northern Santa Fe in a cash-and-debt deal valued at US$36.5 billion. NEW YORK: US investment guru Warren Buffett's Berkshire Hathaway has agreed to buy Precision Castparts, a leading supplier to the aerospace industry, for US$37.2 billion, in the largest acquisition in the conglomerate's 50-year history.
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