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Bowl of nuts... |
Despite
in 2006 saying he would be giving most of his fortune away, Warren Buffett now has a real-time net worth of more than USD67 billion [
Forbes]. His latest -
and biggest - deal could be described as merely a nuts 'n bolts affair: "
Precision Castparts manufactures nuts, bolts and other fasteners for aerospace companies such as Airbus and Boeing. It also makes pipes and fittings for power and industrial companies" but
PCC is a bit more than that.
Berkshire Hathaway paid - in a cash deal - USD235 per share (21% above PCC's closing share price on Friday!); there are at least a dozen PCC companies in the UK. The
press release is number 666.
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