Alcoa (AA) Gains Sharply as Cramer Highlights as Precision Castparts-Sympathy Play
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Berkshire Hathaway (BRK-A) to Acquire Precision Castparts (PCP) for $235/Share Cash
August 10, 2015 7:01 AM EDT(Updated - August 10, 2015 7:02 AM EDT)
The boards of directors of Berkshire Hathaway Inc. (NYSE: BRK-A)(NYSE: BRK-B) and Precision Castparts Corp. (PCC) (NYSE: PCP) have unanimously approved a definitive agreement for Berkshire Hathaway to acquire, for $235 per share in cash, all outstanding PCC shares. The transaction is valued at approximately $37.2 billion, including outstanding PCC net debt.
Ive admired PCCs operation for a long time. For good reasons, it is the supplier of... More
