Answered step by step
Verified Expert Solution
Question
1 Approved Answer
NO EXCEL. THANKS. 2) Precision Castparts Corp. is a leading manufacturer of parts and related equipment for the airline and acrospace industry. It was acquired
NO EXCEL. THANKS.
2) Precision Castparts Corp. is a leading manufacturer of parts and related equipment for the airline and acrospace industry. It was acquired by Warren Buffet in 2015. See the partial press release below: BERKSHIRE HATHAWAY INC. TO ACQUIRE PRECISION CASTPARTS CORP. FOR S235 PER SHARE IN CASH PCC will remain headquartered in Portland, Ore. as a wholly owned subsidiary of Berkshire Hathaway OMAHA, Neb. & PORTLAND, Ore. - Aug. 10. 2015 - The boards of directors of Berkshire Hathaway Inc. (NYSE: BRK.A; BRK.B) and Precision Castparts Corp. ("PCC") (NYSE: PCP) have unanimously approved a definitive agreement for Berkshire Hathaway to acquire, for S235 per share in cash, all outstanding PCC shares. The transaction is valued at approximately $37.2 billion, including outstanding PCC nct debt. The following is selected financial data for Precision Castparts (PCP) as of their year-end 2014 (Hint: Pay Attention to the units stated in bolded parentheses) Precision Castparts Corp. - Selected Financial Data (Sin Millions, Except Per Share Amounts in Dollars and Share Counts In Thousands) Precision Castparts Corp: 2014 Selected Financial Data ver orde $10,005.0 Income Statement Items: Revenue: Operating Income: Net Income to Company: EBIT: EBITDA: $1,530.0 $2,676.0 $3,001.0 Balance Sheet Items: Cash & Cash Equivalents: Current Portion of Long-Term Debt: Long-Term Debt: Preferred Stock: Common Stock: Minority Interest: $474.0 $1,093.0 $3,493.0 $0.0 $139.0 $28.0 Other Items: Share Price: Diluted Shares Outstanding: Diluted Equity Value: $212.2 $142,468.5 $30,229.0 Pg. 3 2) Precision Castparts Corp. is a leading manufacturer of parts and related equipment for the airline and acrospace industry. It was acquired by Warren Buffet in 2015. See the partial press release below: BERKSHIRE HATHAWAY INC. TO ACQUIRE PRECISION CASTPARTS CORP. FOR S235 PER SHARE IN CASH PCC will remain headquartered in Portland, Ore. as a wholly owned subsidiary of Berkshire Hathaway OMAHA, Neb. & PORTLAND, Ore. - Aug. 10. 2015 - The boards of directors of Berkshire Hathaway Inc. (NYSE: BRK.A; BRK.B) and Precision Castparts Corp. ("PCC") (NYSE: PCP) have unanimously approved a definitive agreement for Berkshire Hathaway to acquire, for S235 per share in cash, all outstanding PCC shares. The transaction is valued at approximately $37.2 billion, including outstanding PCC nct debt. The following is selected financial data for Precision Castparts (PCP) as of their year-end 2014 (Hint: Pay Attention to the units stated in bolded parentheses) Precision Castparts Corp. - Selected Financial Data (Sin Millions, Except Per Share Amounts in Dollars and Share Counts In Thousands) Precision Castparts Corp: 2014 Selected Financial Data ver orde $10,005.0 Income Statement Items: Revenue: Operating Income: Net Income to Company: EBIT: EBITDA: $1,530.0 $2,676.0 $3,001.0 Balance Sheet Items: Cash & Cash Equivalents: Current Portion of Long-Term Debt: Long-Term Debt: Preferred Stock: Common Stock: Minority Interest: $474.0 $1,093.0 $3,493.0 $0.0 $139.0 $28.0 Other Items: Share Price: Diluted Shares Outstanding: Diluted Equity Value: $212.2 $142,468.5 $30,229.0 Pg. 3Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started