Investopedia: Precision Castparts Goes For A Bold And Eminently Logical Deal

When it comes to specialty metal components manufacturer Precision Castparts (NYSE:PCP), it's really never a question as to whether management will do another deal. Rather, it's just a question of who the company will buy, how much it will pay and how successful it will ultimately prove to be.

Last week, though, management announced a real doozy - a $2.9 billion bid for titanium producer Titanium Metals (NYSE:TIE) (aka "Timet"). Although a large and expensive deal would be a significant risk for most companies, Precision Castparts is not like most companies, and I expect this deal will prove to be quite worthwhile for shareholders over time.

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http://www.investopedia.com/stock-analysis/2012/Precision-Castparts-Goes-For-A-Bold-And-Eminently-Logical-Deal-TIE-PCP-AA-BA1114.aspx