Brief: Kaman Corporation Announces Agreement To Acquire Parker-Hannifin Aircraft Wheel & Brake Division

Kaman

23/05/2022 12:50

May 23 (Reuters) - Kaman Corp  KAMN.N :
    * KAMAN CORPORATION ANNOUNCES DEFINITIVE AGREEMENT TO ACQUIRE THE
PARKER-HANNIFIN
AIRCRAFT WHEEL & BRAKE DIVISION
    * KAMAN CORP - DEAL FOR $440 MILLION
    * KAMAN CORP - TRANSACTION IS EXPECTED TO BE ACCRETIVE TO KAMAN'S MARGIN AND
CASH
FLOW WITHIN FIRST TWELVE MONTHS FOLLOWING CLOSE OF TRANSACTION
    * KAMAN CORP - FOLLOWING TRANSACTION, KAMAN INTENDS TO APPLY FREE CASH FLOW
FROM
COMBINED BUSINESS TO QUICKLY DELEVERAGE BALANCE SHEET

Source text for Eikon:  ID:nBw3KSJ52a 
Further company coverage:  KAMN.N 

 ((Reuters.Briefs@thomsonreuters.com;))