Berkshire Hathaway buying Precision Castparts for about $32.36 billion

Warren Buffett's Berkshire Hathaway is buying Precision Castparts Corp. for about $32.36 billion.

Berkshire Hathaway will pay $235 per share. The deal is valued at about $37.2 billion, including debt.

Shares of Precision Castparts, which makes components such as industrial gas turbines and commercial airplane parts, surged in Monday premarket trading.