Kaman Corp. (KAMN), an aerospace and defense company, Friday announced that it has entered into a definitive agreement to be acquired by private equity firm, Arcline Investment Management, L.P. for $1.8 billion in an all-cash transaction.
Following this news, shares of Kaman surged around 101 percent in pre-market activity.
Under the agreement terms, Kaman shareholders will receive $46 per share, which is a premium of 105 percent over Kaman's closing share price on January 18.
The acquisition is set to close in the first half of 2024 taking the company private.
In pre-market activity, Kaman shares are trading at $45.08, up 100.98% on the New York Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.