Precision Castparts is buying Titanium Metals Corp. in a deal worth $2.9 billion. Precision will pay $16.50 per share for the company that makes titanium melted and milled products. Timet, with production facilities in the US and Europe, supplies nearly one-fifth of the world’s titanium. The metal is in demand among commercial aerospace manufacturers.
| Associated Press November 18, 2012
Read it all, now.
Don't miss any of your favorite stories again. Read the stories that matter to you as much as you want, whenever you want when you subscribe to BostonGlobe.com.
Get full access today for just 99¢