PCC Will Remain Headquartered In Portland, OR As A Wholly Owned Subsidiary Of Berkshire Hathaway
The boards of directors of Berkshire Hathaway Inc. and Precision Castparts Corp. have unanimously approved a definitive 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 PCC net debt.