Titanium Metals (TIE) +43% premarket on Friday's news that it agreed to be acquired by Precision...

|About: Precision Castparts Corp. (PCP)|By:, SA News Editor

Titanium Metals (TIE) +43% premarket on Friday's news that it agreed to be acquired by Precision Castparts (PCP) for $16.50/share, a 43% premium to the metal products company's Friday closing price. Since PCP was TIE's biggest customer, cost reductions from the deal should be significant, analysts say, and PCP has shown an ability to integrate acquisitions smoothly. PCP +4.2%.