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Buffett's Berkshire to buy Precision Castparts in US$37.2b deal

Monday, August 10, 2015 - 20:38
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Warren Buffett's Berkshire Hathaway Inc said it will buy aircraft components maker Precision Castparts Corp in a deal valued at about US$37.2 billion, including debt.

[NEW YORK] Warren Buffett's Berkshire Hathaway Inc said it will buy aircraft components maker Precision Castparts Corp in a deal valued at about US$37.2 billion, including debt.

Berkshire's offer of US$235 per share is a premium of 21.2 per cent to Precision Castparts' Friday close of US$193.88.

REUTERS