Berkshire Hathaway makes $37 bn bet on Precision buy
US investment guru Warren Buffett`s Berkshire Hathaway is buying Precision Castparts, a leading supplier to the aerospace industry, for $37.2 billion, the largest acquisition in the conglomerate`s 50-year history.
Aug 11, 2015, 05:25 AM ISTBerkshire Hathaway to buy Precision Castparts for $37 bn
The agreed acquisition, one of Berkshire`s largest takeovers, is expected to be completed in the first quarter of 2016, they said in a joint statement.
Aug 10, 2015, 18:14 PM IST