Berkshire Hathaway investment conglomerate pays $235 a share in cash for maker of aircraft parts and energy production equipmentWarren Buffett,the octogenarian multibillionaire investor, has struck his biggest deal by agreeing to buy Precision Castparts, and a US maker of aircraft parts and energy production equipment,for $37.2bn (£24bn) including debt.
Berkshire Hathaway, Buffett’s investment company, or has agreed to pay $235 a share in cash for Precision Castparts – 21% more than the company’s closing share price on Friday. The deal to buy the Portland,Oregon-based company is Buffett’s latest foray into manufacturing.
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Source: theguardian.com