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Tag: castparts
Precision Castparts: A Top Merger Arbitrage Opportunity
2015-10-27 08:18:09| Industrial Machines - Topix.net
On August 10, 2015, Precision Castparts announced that it had agreed to be acquired by conglomerate Berkshire Hathaway for $235 per share in cash, a 21% premium to the August 7 closing price. As you can see in the chart of PCP's stock price below, PCP's value jumped following the acquisition announcement and has stayed close to the per-share acquisition price since.
Tags: top
opportunity
precision
merger
Precision Castparts Corp. Given "Hold" Rating at Jefferies Group
2015-10-25 04:16:01| Industrial Machines - Topix.net
's stock had its "hold" rating reissued by equities research analysts at Jefferies Group in a report issued on Friday, Analyst Ratings.Net reports. They presently have a $235.00 target price on the stock, up from their previous target price of $213.00.
Hexcel Corp., The Investment That Can Replace Precision Castparts In Your Portfolio
2015-09-29 19:01:14| Industrial Machines - Topix.net
Precision Castparts Corporation was one of my favorite companies, and just as shares were really starting to get cheap, Warren Buffett had to spoil the party. The stock seems like an unusual pick for a man who built a career buying companies that are easy to understand.
Tags: your
investment
replace
corp
Precision Castparts: Capital Allocation History And Introduction To Valuation Framework
2015-08-29 05:25:38| Industrial Machines - Topix.net
Between 2003 and 2013, PCP invested 83% of its capital in M&A and less than 1% in share repurchases . PCP repurchased shares at NTM P/E multiples of 16.5x to 18.5x which is above the 10-year historical forward NTM average multiple of 16.3x and equivalent to the BRK offer.
Tags: history
capital
introduction
framework
Shareholder sues to block Precision Castparts sale
2015-08-27 08:39:48| Industrial Machines - Topix.net
Berkshire Hathaway's $37.2 billion deal to buy Portland's Precision Castparts Corp. faces a legal hurdle after a shareholder sued this week to block the purchase. A lawsuit filed Thursday, Aug. 13, in Multnomah County Circuit Court seeks class-action status for Precision Castparts' shareholders affected by the sale.
Tags: sale
block
precision
shareholder
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