The Merger & Acquisition (M&A) Train Keeps on Rolling…

This morning it was announced that another company we own is being taken over: Precision Castparts (PCP) is being bought by Berkshire Hathaway (Warren Buffett) in a ~$37 billion deal.  Shareholders will be paid $235/share (a 21% premium to Friday’s closing price) in cash when the deal closes in the first quarter of 2016.  PCP…