secwatch.observer — SEC 8-K summary
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Issuer:     KAMAN Corp (—)
CIK:        0000054381
Form:       8-K
Filed at:   2024-04-19T23:59:59+00:00
Accession:  0001140361-24-020740
Event type: m_and_a
Sentiment:  positive
Materiality: 1.00
Item codes: 1.01, 1.02, 2.01, 2.03, 3.01, 3.03, 5.01, 5.03, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Arcline completes acquisition of Kaman for $46/share, total EV ~$1.8B; stock delisted from NYSE
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- Shareholders received $46.00 per share cash; total enterprise value approximately $1.8 billion.
- Transaction approved by Kaman shareholders on April 17, 2024; closed April 19, 2024.
- Kaman common stock (KAMN) ceased trading and will be delisted from NYSE.
- Board of directors replaced; Ian Walsh and Carroll Lane remain as sole directors; Lane and Smith employment to terminate by May/June 2024.
- New $815M term loan and $150M revolver entered to finance acquisition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/54381/000114036124020740/0001140361-24-020740-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/54381/000114036124020740/ef20027261_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-020740

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