Hints and tips:
...Two years after Precision Castparts laid off 40 per cent of its workers in response to a coronavirus pandemic-induced collapse in aeroplane demand, the company is back in hiring mode....
...Castparts Corp....
...Berkshire’s last major takeover — the $37bn buyout of Precision Castparts in 2016 — resulted in a $9.8bn writedown....
...At nearly 400ft, the new SpaceX rocket will eventually be taller than the Saturn V that carried Nasa’s Apollo missions to the moon, and its 33 engines will deliver twice the thrust....
...On Saturday Berkshire disclosed it was taking a $10bn writedown on Precision Castparts, the aerospace parts manufacturer it bought for $37bn in 2016....
...The last “elephant-sized acquisition” Berkshire clinched was the $32bn takeover of industrial goods group Precision Castparts, which it agreed in 2015....
...Castparts in 2016....
...The move was in part a recognition that Mr Buffett has been unable to find a marquee acquisition since the purchase of Precision Castparts in 2016....
...The first involves analysing the natural world, using computers to model the behaviour of molecules with the kind of precision that today’s computers could never match....
...The manufacturing unit that includes industrials group Precision Castparts and specialty chemicals group Lubrizol reported a 4 per cent rise in revenues....
...Last year Berkshire acquired Precision Castparts, a US engineering group, for $32bn in the largest acquisition his Nebraska-based holding company has yet made....
...Elliott benchmarks Arconic most closely to Precision Castparts, the industrial company that Warren Buffett bought for $37bn, which has higher margins....
...It added that cutting costs and improving margins to match industry leaders including Precision Castparts, the component manufacturer owned by Warren Buffett’s Berkshire Hathaway, could add 45-138 per cent...
...Castparts....
...Precision Castparts, the maker of specialist components for aircraft engines, puts on a bewildering display. A model railway represents the Burlington Northern Santa Fe network....
...Revenues across Berkshire rose 6 per cent to $54.5bn, partly thanks to the addition of Precision Castparts, an aerospace industry supplier, and Duracell batteries, two recent acquisitions....
...In addition, he has aided Mr Buffett on Berkshire’s acquisitions of Duracell and Precision Castparts and been given the chairmanship of a small subsidiary company....
...The deal, which will be used to repay bridge financing Berkshire used to fund its takeover of Precision Castparts for $36bn last year, is expected to be spread across eight tranches, according to two people...
...Still to come are mammoth offerings from Berkshire Hathaway to fund its $36bn purchase of Precision Castparts; Dell, to finance its $63bn buyout of EMC; and Teva, which is acquiring Allergan’s generic business...
...Among the deals that still must be financed this year are Teva’s $41bn acquisition of Allergan’s generics business, Berkshire Hathaway’s $37bn takeover of Precision Castparts, and Dell’s $63bn buyout of...
...In August Mr Buffett, 85, struck the largest deal of his life, agreeing to spend $32.5bn on Precision Castparts, an engineering group, in a big bet on US manufacturing....
...Yet the price he is paying for jet engine components maker Precision Castparts looks stingy. On Monday Mr Buffett agreed to pay $235 per share for Precision, a 21 per cent premium to Friday’s price....
...But by splashing much of Berkshire’s cash on Precision Castparts, Mr Buffett has once again put off that day....
...Warren Buffett struck the largest deal of his life as Berkshire Hathaway agreed to buy engineering group Precision Castparts for $32.5bn in a big bet on US manufacturing by the billionaire investor....
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