Precision Castparts to Acquire Titanium Metals for $2.9 Billion

UPDATE, 11/13/12, 5:25 p.m. EST: Additional O’Melveny & Myers attorneys have been added to the article’s fifth paragraph.

Precision Castparts Corp. said Friday it will pay $2.9 billion in cash to acquire Titanium Metals Corporation—America’s largest manufacturer of titanium products.

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