Bizjournals.com reported that Titanium Metals Corp stockholders have until 5 PM today to tender their shares as part of Precision Castparts Corp's bid to acquire the company.
The original expiration date was December 20th 2012 at 5 PM EST and extensions are not uncommon in such deals. More than 85% of outstanding shares of common stock have already been tendered at a price of USD 16.50 per share.
Portland based Precision Castparts offered to buy Dallas Texas based Timet for USD 2.9 billion on November.9th 2012.
Source:
http://www.steelguru.com/international_news/Precision_Castparts_extends_Timet_tender_offer/296068.html
