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Why Berkshire Hathaway Bought Precision Castparts (NYSE: BRK.A) (NYSE: PCP)

This morning, investors are asking why Berkshire Hathaway bought Precision Castparts. The $37.2 billion deal is the largest purchase in Berkshire Hathaway Inc.'s (NYSE: BRK.A) history.

CEO Warren Buffett likes the company, and he also likely sees potential in the aerospace industry.

Here's everything else investors need to know about the deal...