Warren Buffett buys aerospace firm for $37B

August 10, 2015 11:38 AM

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Billionaire investor Warren Buffett's Berkshire Hathaway reached a deal to acquire aerospace supplier Precision Castparts in a deal valued at $37.2 billion.

Berkshire said Monday that it would pay $235 per share in cash for all of Portland-based Precision Castparts' shares. That represents a 21% premium on the stock's Friday closing price of $193.88.

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