Precision Castparts Sold For $37bn

Aircraft component manufacturer Precision Castparts (PCC) has been sold to investment firm Berkshire Hathaway for $37bn.

Aircraft component manufacturer Precision Castparts (PCC) has been sold to investment firm Berkshire Hathaway for $37bn.

Berkshire Hathaway, led by Warren Buffett, said the deal is subject to shareholder approval at Portland-based PCC.

Should it be approved, the deal is expected to go through in the final three months of 2015.

PCC, whose customers include Airbus, Boeing and GE, will keep its name and headquarters after the deal has been finalised.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish