Just a month ago on my blog ( 18 July) I mentioned about buying PCP? Guess what, if you had bought call options, in just 1 month you would have tripled your $$$!
Berkshire Hathaway Inc. is nearing a deal to buy Precision Castparts Corp., according to people familiar with the matter, in what could be the conglomerate’s largest takeover ever. Given typical premiums, the price tag for the industrial company, which had a market value of $26.7 billion as of Friday’s close, could exceed $30 billion. At that size, the deal would rank as Berkshire’s largest ever and represent the latest mega merger in a robust year for deal making.
Take this chance to close your positions as I believe it's fair value already.
Berkshire Hathaway Inc. is nearing a deal to buy Precision Castparts Corp., according to people familiar with the matter, in what could be the conglomerate’s largest takeover ever. Given typical premiums, the price tag for the industrial company, which had a market value of $26.7 billion as of Friday’s close, could exceed $30 billion. At that size, the deal would rank as Berkshire’s largest ever and represent the latest mega merger in a robust year for deal making.
Take this chance to close your positions as I believe it's fair value already.
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