KAMN - Why Aerospace Company Kaman Shares Are Skyrocketing Today | Benzinga
Kaman Corporation (NYSE:KAMN) shares are trading higher in the premarket session on Friday.
The company inked a pact to be acquired by private equity firm Arcline Investment Management in an all-cash transaction with a total enterprise value of approximately $1.8 billion.
Kaman, founded in 1945 by aviation pioneer Charles H. Kaman, and headquartered in Bloomfield, Connecticut, conducts business in the aerospace & defense, industrial and medical markets.
Under the terms of the agreement, Kaman shareholders will receive ...