Diario Financiero Online
Warren Buffett did it again. The American tycoon completed the largest acquisition in its history to keep Precision Castparts.
Through his investment vehicle Berkshire Hathaway, the so-called Oracle of Omaha bought at US $ 37,200 million to US equipment maker the aviation industry and the oil and gas sector.
According to Expansion, Berkshire paid $ 235 in cash for each share of PCC. The transaction includes the debt of the company.
The purchase, which has the unanimous support of the boards of both companies, must receive the approval of the majority shareholder of PCC and could be completed along the first quarter of 2016.
“I have long admired the operations of PCC. For good reason is the trusted provider of aerospace, one of the largest US export industries,” said Buffet .
No comments:
Post a Comment