Non-Precious Metals & Non-Metallic Mining M&A » By The Online Investor Staff, updated Mon., Apr. 29, 4:10 AM
Recent mergers and acquisitions in the Non-Precious Metals & Non-Metallic Mining M&A category.
Slide #32. Precision Castparts Corp. — Titanium Metals Corporation
Acquirer: |
Precision Castparts Corp. (PCP) |
Acquiree: |
Titanium Metals Corporation (TIE) |
Details: |
Titanium Metals Corporation announced that it has entered into a definitive merger agreement under which Precision Castparts Corp. ("PCC") (NYSE:PCP), has agreed to acquire all of the common stock of TIMET for $16.50 per share in cash. The total equity value of the transaction is approximately $2.9 billion. The cash consideration represents a premium of 36% over the 30-day average of TIMET shares and a 44% premium to the closing price of TIMET shares on November 8, 2012. |
Precision Castparts is a manufacturer of metal components and products, provides investment castings, forgings, fasteners/fastener systems and aerostructures for aerospace and power applications. Co. has three segments: Investment Cast Products, which manufactures investment castings for aircraft engines, industrial gas turbine (IGT) engines, airframes, medical implants, armament, and unmanned aerial vehicles, among others; Forged Products, which manufactures forged components for commercial and military aircraft engines and IGT; and Airframe Products, which develops and manufactures fasteners, fastener systems, aerostructures and precision components, primarily for aerospace applications.
Open the PCP Page at The Online Investor »
Precision Castparts is a manufacturer of metal components and products, provides investment castings, forgings, fasteners/fastener systems and aerostructures for aerospace and power applications. Co. has three segments: Investment Cast Products, which manufactures investment castings for aircraft engines, industrial gas turbine (IGT) engines, airframes, medical implants, armament, and unmanned aerial vehicles, among others; Forged Products, which manufactures forged components for commercial and military aircraft engines and IGT; and Airframe Products, which develops and manufactures fasteners, fastener systems, aerostructures and precision components, primarily for aerospace applications.
Open the TIE Page at The Online Investor »