Precision Castparts’s $37 Billion Acquisition by Berkshire Hathaway
August 10, 2015
On August 10, 2015, the boards of directors of Berkshire Hathaway Inc. and Precision Castparts Corp. (“PCC”) announced they have unanimously approved a definitive agreement for Berkshire Hathaway to acquire, for $235 per share in cash, all outstanding PCC shares. The transaction is valued at approximately $37.2 billion, including outstanding PCC net debt. Cravath represented PCC in connection with this transaction.
The Cravath team was led by partners Faiza J. Saeed and George F. Schoen and included associates Wesley C. Bell and Christine H. Liu on M&A matters; partner Eric W. Hilfers, senior attorney Lawrence A. Pasini and associate Daniel P. Herrmann on executive compensation and benefits matters; partner Christopher K. Fargo, senior attorney Andrew Carlon and associate June Hwang on tax matters; partner Christine A. Varney, practice area attorney Robin C. Landis and associate Jesse M. Weiss on antitrust matters; senior attorney Annmarie M. Terraciano on environmental matters; senior attorney Joyce Law on real estate matters; and partner David J. Kappos and associate Nicholas A. Jackson on intellectual property matters.
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People
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J.D., 1991, Harvard Law Schoolmagna cum laude
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B.A., 1987, University of California, Berkeleywith Highest Distinction, Phi Beta Kappa
- New York
- California (Inactive)
- District of Columbia (Inactive)
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J.D., 1998, University of Chicago Law Schoolwith Honors
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B.A., 1994, Cornell University
- New York
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J.D., 1998, University of Chicago Law Schoolwith Honors
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A.B., 1995, Princeton University
- New York
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J.D., 2006, Columbia Law SchoolHarlan Fiske Stone; Michael Lynne Scholar
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B.A., 2003, Boston CollegeHonors Program, cum laude
- New York
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J.D., 1986, Georgetown University Law Center
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M.P.A., 1982, Syracuse University
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B.A., 1977, State University of New York, Albany
- New York
- District of Columbia
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J.D., 1990, University of California, Berkeley, School of Law
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B.S., 1983, University of California, Davissumma cum laude
- New York
- California
- District of Columbia
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J.D., 1998, Columbia Law SchoolHarlan Fiske Stone Scholar
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M.S., 1994, University of Wisconsin - Madison
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B.A., 1989, Wellesley Collegecum laude
- New York
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J.D., 1997, Boston University School of Law
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B.Comm., 1994, University of AlbertaDistinction
- New York
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