The $37-Billion Deal: Why Warren Buffett Snapped Up Precision Castparts

Credit: Precision Castparts
It was, of all things, a drop in oil prices coupled with his faith in the continuing growth of commercial aviation that led investment impresario Warren Buffett to expand a 3% stake in Precision Castparts into a $37.2 billion bid for the company. The Berkshire Hathaway CEO’s stake in the specialty...

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