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Wednesday, December 19, 2012

EU mergers and takeovers (Dec 19), (NYSE: PCP), (NYSE: TIE)

The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS-- U.S.-based casting products maker Precision Castparts Corp to purchase U.S. maker of alloys for jet engines Titanium Metals (approved Dec. 19)-- German agricultural cooperative Baywa to buy Dutch grains trader Cefetra (approved Dec. 19)

Precision Castparts Corp. (PCC) is a manufacturer of metal components and products, provides investment castings, forgings and fasteners/fastener systems for critical aerospace and industrial gas turbine (IGT) applications. Shares of PCP traded higher by 0.47% or $0.88/share to $189.27. In the past year, the shares have traded as low as $150.53 and as high as $188.56. On average, 673113 shares of PCP exchange hands on a given day and today's volume is recorded at 91432.

Titanium Metals Corporation (TIMET) is a producer of titanium melted and mill products. Shares of TIE traded higher by 0.13% or $0.021/share to $16.47. In the past year, the shares have traded as low as $10.42 and as high as $16.69. On average, 2762390 shares of TIE exchange hands on a given day and today's volume is recorded at 872206.



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