Warren Buffett's Berkshire Hathaway Inc. (NYSE: BRK-A) may have finally found a whale.
According to an array of media reports, Berkshire Hathaway is eyeing an acquisition of Precision Castparts Corp. (NYSE: PCP), which could be valued north of $30 billion, making it the biggest purchase in Buffett's storied tenure at the helm of Nebraska-based Berkshire.
Editor's note: On Monday around 7 a.m. ET, Buffett confirmed Berkshire's $37 billion deal.
Oregon-based Precision Castparts closed last Friday with a market value of $26.7 billion. Like other industrial stocks, the maker of components and products to the aerospace, power and general industrial markets has struggled this year as its shares have fallen 19.5 percent. That loss is nearly quadruple the 5.1 percent shed by the Industrial Select Sector SPDR (NYSE: XLI).
Still, a Berkshire acquisition of Precision Castparts could provide some ...
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