You are here

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

nabmBUFFETTAFP10815.jpg
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

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes