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09

Buffett Deal Pursuit Reshapes Berkshire as Mutual Fund Era Ends

By Tony Seruga

Warren Buffett, chief executive officer of Berkshire Hathaway Inc. Photographer: Jeff Kowalsky/Bloomberg

Weeks from his 85th birthday, Warren Buffett is again seeking to reshape Berkshire Hathaway Inc. with the next few decades in mind.

The second-richest man in the U.S. is in talks to buy Precision Castparts Corp., which makes equipment for the aerospace and energy industries, and had a market value of more than $26 billion Friday, according to a person familiar with the matter. Acquiring the company would add about $10 billion in annual revenue and 30,000 employees, boosting the workforce at Berkshire by almost 10 percent…

Buffett Deal Pursuit Reshapes Berkshire as Mutual Fund Era Ends

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