SAN DIEGO, Jan. 19, 2024 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Kaman Corporation (NYSE:KAMN) ("Kaman or "the Company") breached their fiduciary duties in connection with the proposed sale of the Company to Arcline Investment Management, L.P. ("Arcline"). Upon completion of the transaction, Kaman will become a privately held company.
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On January 19, 2024, Kaman announced that it had entered into a deal to merge with Arcline. Under the terms of the deal, Kaman ...