By: Benzinga
December 21, 2012 at 08:09 AM EST
Precision Castparts Announces Closing of Tender Offer for Timet, Announces Subsequent Offering Period
Precision Castparts Corp. (NYSE: PCP ) (PCC) today announced the successful completion of the cash tender offer (the "Offer"), through its wholly owned subsidiary, ELIT Acquisition Sub Corp. (Purchaser), for all of the outstanding shares of common stock of Titanium Metals Corporation (NYSE: TIE ) (Timet) (the "Shares") for $16.50 per Share. The Offer
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