Kaman's Stock Skyrockets as Arcline Acquires Company for $1.8 Billion
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.