Kaman Corp surges on Arcline Investment's $1.8 bln buyout deal

Kaman

19/01/2024 13:43

** Aerospace parts maker Kaman's  KAMN.N  shares more than
double to $44.90 premarket; biggest pct gainer across US stock
exchanges
    ** Company agrees to be taken private by Arcline Investment
Management in a deal valued at about $1.8 bln
    ** Under terms of deal, Kaman shareholders will get $46/shr
in cash, representing a premium of 105% over stock's last close
    ** Deal expected to close in H1 2024
    ** As of Thursday's close, stock marginally down in past 12
months

 (Reporting by Khushi Mandowara in Bengaluru)
 ((Khushi.Mandowara@thomsonreuters.com))