Timet-PCC deal stirs class action lawsuit talk

Nov 14, 2012 | 11:15 AM | Frank Haflich

Tags  Timet, Precision Castparts, PCC, titanium, merger, Bernstein Liebhard, Levi & Korinski, Harwood Feffer Finkelstein Thompson

NEW YORK — At least eight law firms are mulling shareholder lawsuits stemming from Precision Castparts Corp.’s (PCC’s) pending acquisition of Titanium Metals Corp. (Timet).

PCC, a Portland, Ore.-based producer of castings, forgings, fasteners and aerostructures, said late last week that it would acquire Dallas-based producer Timet for $2.9 million (amm.com, Nov. 9). But the law firms are questioning the $16.50 per share that PCC intends to....

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