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Stock Market & Financial Investment News

News Breaks
February 28, 2014
05:33 EDTKAMNKaman Distribution to acquire B.W. Rogers, terms not disclosed
Kaman announced that its Distribution Segment, Kaman Distribution Group, has executed a definitive agreement to acquire substantially all the operating assets of B.W. Rogers Company and certain affiliated entities. The acquisition significantly expands Kamanís footprint in both fluid power and automation. The transaction is expected to close early in Q2. Terms were not disclosed. The transaction excludes operating assets and associated liabilities relating to the sale of certain products, tools, equipment, supplies, accessories and components to the automotive industry, which will continue to be owned and operated by B.W. Rogers. During 2013, B.W. Rogers had sales of approximately $113M, approximately $12.5M of which were attributable to the excluded assets.
News For KAMN From The Last 14 Days
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September 18, 2014
08:39 EDTKAMNKaman sees FY14 free cash flow $50M-$55M, CapEx $30M-$35M
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September 12, 2014
20:36 EDTKAMNKaman announces sale of Moosup Facility
Kaman announced that its subsidiary, Kaman Aerospace Corporation, has sold its former manufacturing facility in Moosup, Connecticut, which has been idle since 2004, to TD Development, LLC. In connection with the sale, Kaman will contribute $4M in cash over a four year period to fund environmental remediation work that is expected to be done on the property, and expects to take a related pre-tax charge of approximately $2.2M in the third quarter. Further terms of the transaction were not disclosed.
11:05 EDTKAMNKaman to host investor day
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September 9, 2014
07:10 EDTKAMNGabelli to hold a conference
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