Warren Buffett’s Berkshire Hathaway is nearing an agreement to buy Precision Castparts in what could be the company’s largest purchase ever, the Wall Street Journal reported Saturday, citing people familiar with the matter.
The purchase of Precision Castparts, which makes aircraft components and energy-production equipment, could be announced as soon as next week and be valued at more than $30 billion, assuming typical premiums for mergers, the newspaper said. Precision Castparts’ market capitalization was $26.7 billion Friday.
Berkshire is one of Precision Castparts’ largest shareholders, with a roughly 3 percent stake worth $882 million as of March 31, according to U.S. Securities and Exchange Commission filings.
Full content: The Wall Street Journal
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
FTC to Approve Exxon’s $64 Billion Deal with Pioneer Resources, Excludes
May 1, 2024 by
CPI
UK Competition Watchdog Raises Alarm Over Nvidia’s ARM Takeover
May 1, 2024 by
CPI
Sen. Klobuchar Urges Regulators to Probe Collusion in Health Care Pricing
May 1, 2024 by
CPI
Multiple States Join Tennessee’s Antitrust Lawsuit Against NCAA Over NIL Rules
May 1, 2024 by
CPI
NY AG Joins Suit Challenging NCAA’s Restrictions on Student Athlete NIL Rights
May 1, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI