Precision Castparts shares gained in Monday’s session 19% after Berkshire agreed to buy Hathawar dabricante of components.
Precision Castparts shares closed Monday’s trading with a gain of 19.10% to $ 230.92, after Berkshire Hathaway agreed to buy aircraft components manufacturer, as Buffett conglomerate operation.
The company Berkshire Hathaway, billionaire Warren Buffett, announced Monday the purchase of Precision Castparts, specializing in aircraft parts, 37,200 million dollars.
The operation should finish in the first quarter of 2016, said Berkshire in a statement. This is one of the most important acquisitions by Berkshire Hathaway.
Berkshire Hathaway paid $ 235 in cash for each outstanding share and become a subsidiary totally yours. Precision Counterparts (PCC) will keep its name and headquarters in Portland, Oregon.
Wall Street rises driven by energy
The shares closed sharply higher Monday on the New York Stock Exchange , rebounding from losses last week, thanks to the boost in the energy and basic inputs and optimism for a new acquisition concretized by Warren Buffett.
According to preliminary closing data, the Dow Jones gained 241.79 points, or 1.39%, to close at 17,615.17 points, while the S & P 500 rose 26.61 points, or 1.28%, to 2104.18 units
The Nasdaq Composite gained 58.254 points, or 1.16. % to 5101.799 units.
With information from Reuters
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