Warren Buffett unveiled his conglomerate’s largest takeover ever on Mionday as Berkshire Hathaway announced plans to acquire Precision Castparts, in an all-cash deal valued approximately $37.2 billion, including debt.
Unveiling the pricey deal, Warren Buffett told CNBC’s “Squawk Box” that “This is a very high multiple for us to pay”.
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Warren Buffett's Berkshire Hathaway to acquire Precision Castparts at $235 per share in cash
In a statement released Monday, the board of directors of Berkshire Hathaway Inc. and Precision Castparts Corp announced their unanimous approval for a definite agreement for Berkshire Hathaway to acquire, for $235 per share in cash, all outstanding PCC shares. The transaction is valued at approximately $37.2 billion, including outstanding...
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