August 14, 2015 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Precision Castparts Corp. (NYSE:PCP), was announced concerning whether the takeover of Precision Castparts Corp. by Berkshire Hathaway Inc for $235 per share is unfair to NYSE:PCP stockholders.

The investigation by a law firm concerns whether certain officers and directors of Precision Castparts Corp breached their fiduciary duties owed to NYSE:PCP investors in connection with the proposed acquisition.

On Aug. 10, 2015, the boards of directors of Berkshire Hathaway Inc. and Precision Castparts Corp. (NYSE:PCP) have approved an agreement for Berkshire Hathaway to acquire, for $235 per share in cash, all outstanding Precision Castparts Corp. (NYSE:PCP) shares. The transaction is valued at approximately $37.2 billion, including outstanding PCC net debt.

However, given that at least one analyst has set that high target price for NYSE:PCP shares at $252 per share, the investigation concerns whether the offer is unfair to NYSE:PCP stockholders. More specifically, the investigation concerns whether the Precision Castparts Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Precision Castparts Corp. reported that its Total Revenue rose from over $7.2 billion for the 52 weeks period that ended on April 1, 2012 to over $10 billion for the 52 weeks period that ended on March 29, 2015 and that its respective Net Income increased from over $1.22 billion to $1.53 billion. Shares of Precision Castparts Corp. (NYSE:PCP) reached in 2014 as high as $272.75 per share.