Monday, August 10, 2015

Precision Castparts Acquired By Berkshire Hathaway In $37.2 Billion Deal

Portland, Oregon-based Precision Castparts, a manufacturer of precision, metal aircraft components, has been acquired by Berkshire Hathway, the two said this morning. The two said that Berkshire Hathaway will pay $37.2 billion in cash--or $235 per share--for Precision Castparts. Precision Castparts is led by Mark Donegan. Berkshire Hathaway is the giant conglomerate owned by billionaire investor Warren E. Buffett.