News

Precision Castparts’ $37 billion sale is final: It’s now in Warren Buffett’s hands

February 2, 2016 /

MATR Sponsor (view all)

Working to create a clean and balanced energy portfolio that will provide for a safe and reliable energy future. Learn more at http://www.NorthWesternEnergy.com/BrightFuture

The biggest deal in Oregon corporate history closed on schedule Friday, with Berkshire Hathaway taking ownership of Portland-based Precision Castparts Corp.

The $37 billion takeover, announced last summer, makes the state’s second-largest company a component of Warren Buffett’s investment empire. It’s not only Oregon’s largest deal ever: It’s Buffett’s biggest takeover, too.

By Mike Rogoway | The Oregonian/OregonLive

Full Story: http://www.oregonlive.com/business/index.ssf/2016/01/precision_castparts_sale_is_fi.html#incart_river_index