Berkshire Hathaway investment conglomerate pays $235 a share in cash for maker of aircraft parts and energy production equipment
Warren Buffett, the octogenarian multibillionaire investor, has struck his biggest deal by agreeing to buy a US maker of aircraft components and industrial pipes for $37.2bn (£24bn) including debt.
Berkshire Hathaway, Buffett’s investment company, has agreed a deal that values the Portland, Oregon-based Precision Castparts at about $32.5bn excluding its net debt. The price of $235 a share in cash is 21% more than the company’s closing share price on Friday.
Source: The Guardian Circular Economy RSS