Buffett Says Precision Castparts Will Do More Deals in Letter

Warren Buffett said Precision Castparts, the aerospace manufacturer that his Berkshire Hathaway Inc. acquired this year in one of his biggest deals, will continue buying companies under Chief Executive Officer Mark Donegan.

“In building his business, Mark has made many acquisitions and will make more,” Buffett, Berkshire’s 85-year-old chairman, wrote in an annual letter to shareholders posted online Saturday. “We look forward to having him deploy Berkshire’s capital.”

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