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”. [buffett] 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…
Warren Buffett Announces $37 Billion All-Cash Deal To Acquire Precision Castparts
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports