Kaman Corporation Says It Has Inked Pact To Be Acquired By Arcline Investment Management In An All-cash Transaction With A Total Enterprise Value Of Approximately $1.8B, Kaman Shareholders Will Receive $46.00 Per Share
Portfolio Pulse from Benzinga Newsdesk
Kaman Corporation (KAMN) has agreed to be acquired by Arcline Investment Management in an all-cash deal valued at $1.8 billion. Kaman shareholders are set to receive $46.00 per share, which is a 105% premium over the closing price on January 18, 2024, and a 110% premium over the 90-day VWAP ending on that date. The Kaman Board of Directors has unanimously approved the transaction, expected to close in the first half of 2024.
January 19, 2024 | 1:03 pm
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POSITIVE IMPACT
Kaman Corporation is set to be acquired by Arcline Investment Management for $46.00 per share, a significant premium over recent trading prices, indicating a highly favorable outcome for shareholders.
The acquisition of Kaman Corporation by Arcline Investment Management at a substantial premium is likely to have a very positive short term impact on KAMN's stock price. The premium offered is significantly higher than the recent trading prices, which typically leads to an increase in the stock price as the market adjusts to the acquisition terms. The board's unanimous approval suggests a smooth transaction process, further bolstering investor confidence.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100