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Precision Castparts Corp. (PCP)

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  • Mar. 20, 2014, 8:20 AM
  • Nov. 12, 2012, 2:48 PM
    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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  • Nov. 12, 2012, 8:46 AM
    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%.
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  • Nov. 9, 2012, 4:22 PM
    Precision Castparts (PCP) buys Titanium Metals (TIE) for $16.50 per share in cash, valuing the company at $2.9B.
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  • Jul. 17, 2012, 10:00 AM
    Precision Castparts (PCP +0.6%) agrees to acquire the aerostructure and industrial products ops of Canada's Heroux-Devtek for C$300M ($295.32M). Precision, which provides metal parts for aircraft engines and power plant turbines, says the transaction will boost its relationships with the likes of Lockheed Martin and Bombardier. (PR)
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  • Jul. 2, 2012, 3:43 PM
    Precision Castparts (PCP +0.7%) holds on to small gains after announcing late yesterday it was acquiring Klune Industries,a manufacturer of complex aluminum, nickel, titanium, and steel aerostructures. Financial terms were not disclosed.
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  • Jul. 10, 2011, 5:50 PM
    Precision Castparts (PCP) to acquire privately-held plane parts-maker Primus International for $900M in cash. "Moving deeper into metallic and composite airframe applications is a natural strategic evolution," Precision says. (PR) Good call by Valuentum.
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Company Description
Precision Castparts Corp is a manufacturer of complex metal components and products that provides investment castings, forgings and fasteners/fastener systems for critical aerospace and power applications.