Kaman's Stock Skyrockets as Arcline Acquires Company for $1.8 Billion
TL;DR Summary
Kaman Corp's stock surged 100% after agreeing to a $1.8 billion private acquisition by Arcline Investment Management, with a price of $46 per share, representing a 105% premium over its previous closing price. The aerospace and defense-components company's CEO stated that the deal followed a thorough evaluation of value creation opportunities, and the transaction is expected to close in the first half of the year.
Topics:business#aerospace-and-defense#arcline-investment-management#finance#kaman-corp#private-acquisition#stock-price
- Kaman going private at 105% premium in deal valued at $1.8B MarketWatch
- Why Kaman Stock Just Doubled in a Day Yahoo Finance
- Kaman to be acquired by Arcline for $1.8 billion Vertical Magazine
- Why Is Kaman (KAMN) Stock Up 100% Today? InvestorPlace
- Private-equity firm acquires aviation firm Kaman for $1.8 billion Defense News
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