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Buffett pays high price for Precision Castparts

2015-08-11 10:30:40| Food - Topix.net

Warren Buffett is paying a hefty price for the biggest bet of his career as his Berkshire Hathaway Inc. has agreed to buy Precision Castparts Corp., valuing the maker of aerospace and other parts at $32.3 billion. The purchase is Berkshire's largest, and it accelerates its transformation from a company largely dependent on insurance businesses into one resembling the broader U.S. economy, including a railroad, several industrial companies, utilities, a car dealership and consumer goods businesses.

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