Wolf Popper LLP Investigates Claims That the Proposed Acquisition of Precision Castparts Corp. May Not Be In the Best Interests of Its Investors

Aug 12, 2015, 09:48 ET from Wolf Popper LLP

NEW YORK, Aug. 12, 2015 /PRNewswire/ -- Wolf Popper LLP is investigating claims on behalf of investors in Precision Castparts Corp. ("Precision") (NYSE: PCP), concerning the proposed acquisition of Precision by Berkshire Hathaway, Inc.  Precision shareholders seeking more information about this acquisition can contact Carl L. Stine at (212) 759-4600 or cstine@wolfpopper.com.

The investigation concerns whether Precision's directors are breaching their fiduciary duties by failing to adequately maximize shareholder value.  Under the terms of the proposed transaction, Precision's shareholders will receive $235.00 per share in cash for each Precision share they own.  The proposed transaction has a preliminary equity value of approximately $32.2 billion.  However, the offer price is below Precision's 52-week high of $247.04 per share and below the stock's all-time high of $273.99 per share on June 10, 2014.

Wolf Popper LLP has extensive experience representing investors in mergers and acquisition lawsuits and has successfully ensured that investors receive the maximum compensation.  Twelve Wolf Popper attorneys were named Rising Stars or Super Lawyers in the 2014 Super Lawyers New York City Metro Edition, including Wolf Popper partner Carl Stine, who was included in the Super Lawyers Top 100 List for the New York City Metro area.  View Wolf Popper attorney biographies at www.wolfpopper.com.

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Wolf Popper LLP 845 Third Avenue New York, New York 10022 Telephone: 212-759-4600 Toll Free Tel: 877-370-7703 Toll Free Fax: 877-370-7704 Email: cstine@wolfpopper.com

 

SOURCE Wolf Popper LLP



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