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Reuters reports Warren Buffett’s hunt for a large acquisition could lead to targets like Eaton (NYSE:ETN), Illinois Tool Works (NYSE:ITW) or Cliffs Natural Resources (NYSE:CLF).
Reuters reports Warren Buffett’s hunt for a large acquisition could lead to targets like Eaton (NYSE:ETN), Illinois Tool Works (NYSE:ITW) or Cliffs Natural Resources (NYSE:CLF).
The market news is quoted as saying,
All of them are trading at enough of a discount to analysts’ expected earnings growth for the next five years that Buffett could pay a 20 percent premium and still be getting value in the deal.
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