$37.2BN

Finweek English Edition - - IN BRIEF - BIG BUY FOR BUF­FETT

War­ren Buf­fett’s Berk­shire Hath­away will pay $37.2bn (R475.2bn) for aerospace sup­plier Pre­ci­sion Cast­parts (PCP), mak­ing the trans­ac­tion its big­gest deal ever. The client base of PCP, which pro­duces parts for air­craft man­u­fac­tur­ers, power com­pa­nies and in­dus­trial groups, in­cludes Gen­eral Elec­tric, Air­bus and Boe­ing. Berk­shire al­ready held a 3% stake in the com­pany. PCP’s share price was down nearly 20% for the year, mak­ing it at­trac­tive to a value in­vestor such as Buf­fett, CNN re­ported.

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