The Traderszone Network

Published in TZ Latest News 9 August, 2015 by The TZ Newswire Staff

Buffett’s Berkshire nears deal for Precision Castparts

The purchase of Precision Castparts, which makes aircraft components and energy-production equipment, could be announced as soon as next week and cost more than $30 billion, assuming typical premiums for mergers, according to the Wall Street Journal, which first reported the news. Precision Castparts’ market value was $26.7 billion on Friday. Neither Berkshire nor Precision Castparts returned calls and emails seeking comment.