Even At Age 84 Nothing Is Holding Him Back
Warren Buffet, the greatest businessman to ever live, has made yet another major move, this one being one of the largest purchases he has ever made. That’s right, because even at the age of 84 nothing is stopping him now.
The billionaire investor’s Berkshire Hathaway reached a deal to acquire aerospace supplier Precision Castparts in a deal valued at $37.2 billion, including the assumption of debt. Berkshire said on Monday that it would pay $235 per share in cash for all of Portland, Oregon’s base Precision Castparts’ shares.
This has been a company that Buffet has admired for a very long time and is the supplier of choice for the world’s aerospace industry for a reason. The companies expect the deal to close in the first quarter of 2016.
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