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Non-Precious Metals & Non-Metallic Mining M&A image Non-Precious Metals & Non-Metallic Mining M&A » By The Online Investor Staff, updated Fri., Sep. 25, 12:00 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 »

Company Name: 
Precision Castparts Corp.
Stock buyback: 
PCP buyback
Website: 
www.precast.com
Sector: 
Non-Precious Metals & Non-Metallic Mining
Company Name: 
Titanium Metals Corp.
Website: 
www.timet.com
Sector: 
Non-Precious Metals & Non-Metallic Mining
 

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