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
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 the aerospace and energy industries.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
Pinglu Canal: Redrawing China-Asean trade routes
Hong Kong’s bad-debt bankers ramp up fire sales, liquidations as city’s distressed loan ratio hits a high