Brief: Kaman To Be Acquired By Arcline For $1.8 Billion

Kaman

19/01/2024 13:02

Jan 19 (Reuters) - Kaman Corp  KAMN.N :
    * KAMAN TO BE ACQUIRED BY ARCLINE FOR $1.8 BILLION
    * KAMAN CORP: UPON COMPLETION OF TRANSACTION, KAMAN WILL
BECOME A
PRIVATELY HELD COMPANY
    * KAMAN CORP - UNDER TERMS OF AGREEMENT, KAMAN SHAREHOLDERS
WILL
RECEIVE $46.00 PER SHARE IN CASH
    * KAMAN CORP - FROM DEAL KAMAN SHAREHOLDERS TO RECEIVE
$46.00 PER
SHARE IN CASH, DELIVERING SIGNIFICANT AND CERTAIN CASH VALUE TO
SHAREHOLDERS
    * KAMAN CORP -UNDER TERMS OF AGREEMENT, KAMAN SHAREHOLDERS
WILL
RECEIVE $46.00 PER SHARE IN CASH
    * KAMAN CORP - TRANSACTION HAS BEEN UNANIMOUSLY APPROVED BY
KAMAN
BOARD OF DIRECTORS
    * KAMAN CORP: ARCLINE INTENDS TO FUND TRANSACTION WITH A
COMBINATION OF COMMITTED DEBT AND EQUITY FINANCING
    * KAMAN CORP - KAMAN BOARD OF DIRECTORS RECOMMENDS THAT
KAMAN
SHAREHOLDERS VOTE IN FAVOR OF TRANSACTION
    * KAMAN CORP - UPON COMPLETION OF TRANSACTION, KAMAN WILL
BECOME A
WHOLLY OWNED SUBSIDIARY OF INVESTMENT FUNDS MANAGED BY ARCLINE
    * KAMAN CORP - TRANSACTION IS NOT SUBJECT TO A FINANCING
CONDITION.
    * KAMAN CORP - UPON COMPLETION OF TRANSACTION, KAMAN'S
COMMON
STOCK WILL NO LONGER BE LISTED ON ANY PUBLIC STOCK EXCHANGE

Source text for Eikon:  ID:nBw8tlKgDa 
Further company coverage:  KAMN.N 

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