
Kaman Corp. [KAMN] last Friday said it has agreed to be acquired by the private equity firm Arcline Investment Management for $1.8 billion in cash, taking the nearly 80-year-old aerospace company private once the transaction closes, which is expected in the first half of 2024. Arcline is paying $46 per share for Kaman’s stock, a 105 percent premium above the company’s closing price last Thursday. The deal has been approved by Kaman’s board and must still receive approvals from regulators…