Warren Buffett made the biggest deal
Warren Buffett Holding Berkshire Hathaway buys Precision Castparts for $ 32 billion. This corporation manufactures metal structures for the aerospace and defense industries, RBC reports . The Berkshire Hathaway deal with Precision Castparts is the largest in the history of the Buffett holding.
The holding plans to buy back Precision Castparts shares at $ 235 per share, with a premium of 21%, relative to the closing price of the corporation's shares on Friday, August 7th. The corporation has also a debt, with its account the total amount of the transaction is estimated at $ 37.2 billion.
The number of products manufactured by Precision Castparts includes fasteners and turbine blades for aircraft manufacturing. The corporation also produces equipment for power plants and the oil and gas industry. The company's headquarters is located in Portland, Oregon.
Until the deal was completed, the Berkshire Hathaway holding already owned 3% Precision Castparts. The closing of the transaction is planned for the first quarter of 2016. The corporation will retain its name.
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At the moment, the capitalization of the holding of Warren Buffett is $ 363 billion. According to this figure, the holding is ranked 4th in the world. The main areas of investment of the holding are insurance business, utilities, industrial production, construction, food and automotive industries.
The holding plans to buy back Precision Castparts shares at $ 235 per share, with a premium of 21%, relative to the closing price of the corporation's shares on Friday, August 7th. The corporation has also a debt, with its account the total amount of the transaction is estimated at $ 37.2 billion.
The number of products manufactured by Precision Castparts includes fasteners and turbine blades for aircraft manufacturing. The corporation also produces equipment for power plants and the oil and gas industry. The company's headquarters is located in Portland, Oregon.
Until the deal was completed, the Berkshire Hathaway holding already owned 3% Precision Castparts. The closing of the transaction is planned for the first quarter of 2016. The corporation will retain its name.
')
At the moment, the capitalization of the holding of Warren Buffett is $ 363 billion. According to this figure, the holding is ranked 4th in the world. The main areas of investment of the holding are insurance business, utilities, industrial production, construction, food and automotive industries.
Source: https://habr.com/ru/post/293492/
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