Warren Buffett has found a new elephant – and this time it’s going to be his biggest one yet.
Buffett’s Berkshire Hathaway said Monday it agreed to spend $37.2 billion for Precision Castparts, the most it has ever paid for a company.
Precision Castparts (PCP) makes makes parts for aircraft makers, power companies and other industrial companies. Among its notable customers are General Electric (GE), Boeing (BA) and Airbus.
For more information, check out this CNN article here.