The Precision Castparts (PCP +4.5%) deal to acquire Titanium Metals (TIE +42.4%) has a “go shop"...


The Precision Castparts (PCP +4.5%) deal to acquire Titanium Metals (TIE +42.4%) has a “go shop" provision, allowing a TIE committee to solicit higher bids for 45 days, but D.A. Davidson sees the deal going through, believing the timing of the deal is driven by uncertainty about capital gains taxes in 2013, with "every incentive to get it done before the year end."

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