Precision Castparts Corp.
PCP (PCC) announced today the completion of the subsequent offering
period relating to the tender offer through its wholly owned subsidiary, ELIT
Acquisition Sub Corp. (Purchaser), for all of the outstanding shares of common
stock of Titanium Metals Corporation TIE (Timet) (the "Shares") at a
purchase price of $16.50 per Share without interest and less any applicable
withholding of taxes. Timet has been a subsidiary of PCC since December 21,
2012, and Timet's results from that date forward are reported as part of PCC's
Forged Products segment.
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