10 Aug 2015 Berkshire Hathaway Inc. to Acquire Precision Castparts Corp. for $235 Per Share in Cash ( Portfolio )

The boards of directors of Berkshire Hathaway Inc. and Precision Castparts Corp. (“PCC”) (NYSE: PCP) have unanimously approved adefinitive 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.

“I’ve admired PCC’s operation for a long time. For good reasons, it is the supplier of choice for the world’s aerospace industry, one of the largest sources of American exports. Berkshire’s Board of Directors is proud that PCC will be joining Berkshire,” said Warren E. Buffett, Berkshire Hathaway
chairman and chief executive officer.