Kaman shares are trading higher after the company announced it will be acquired by Arcline for $1.8 billion.
Portfolio Pulse from Benzinga Newsdesk
Kaman Corporation's stock (KAMN) is trading higher following the announcement of its acquisition by private equity firm Arcline for a total of $1.8 billion.
January 19, 2024 | 1:52 pm
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Kaman Corporation's stock is expected to rise in the short term due to the acquisition announcement by Arcline for $1.8 billion.
Acquisition announcements typically lead to an increase in the stock price of the company being acquired, as the offer price usually represents a premium over the current trading price. The news of Kaman's acquisition by Arcline is likely to be viewed positively by investors, leading to a short-term rise in KAMN's stock price.
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