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Precision Castparts deal reinforces Berkshire's transformation

The US$37.2b purchase of aerospace equipment maker underlines Mr Buffett's long-term vision to make his company an industrial giant

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Mr Buffett, who will turn 85 this month, has also shifted his equity portfolio, cutting back on some long-time holdings such as P & G.

New York

WEEKS from his 85th birthday, Warren Buffett is again seeking to reshape Berkshire Hathaway Inc with the next few decades in mind.

In a deal valued at US$37.2 billion, the second-richest man in the US has agreed to buy Precision Castparts Corp, which makes equipment for