BLOOMFIELD, Conn.--(BUSINESS WIRE)--Kaman Corp. (NYSE:KAMN) (“Kaman' or the “Company”) today announced that it has entered into a definitive agreement to be acquired by Arcline Investment Management, L.P. ('Arcline”), a growth-oriented private equity firm with deep experience investing in technology-driven, meaningful-to-the-world industrial businesses, in an all-cash transaction with a total enterprise value of approximately $1.8 billion.

康涅狄格州布隆菲尔德——（商业新闻短讯）——卡曼公司（纽约证券交易所代码：KAMN）（“卡曼”或“公司”）今天宣布，它已经签署了一份最终协议，将被Arcline Investment Management，L.P.（“Arcline”）收购。Arcline Investment Management，L.P.（“Arcline”）是一家以增长为导向的私人股本公司，在投资技术驱动型领域拥有丰富经验，对世界工业企业具有重要意义，在全现金交易中，企业总价值约为18亿美元。

Upon completion of the transaction, Kaman will become a privately held company..

交易完成后，卡曼将成为一家私人控股公司。。

Under the terms of the agreement, Kaman shareholders will receive $46.00 per share in cash. The per share purchase price represents a premium of approximately 105% over Kaman’s closing share price on January 18, 2024, the last full trading day prior to the transaction announcement, and a premium of approximately 110% over the volume weighted average price (VWAP) of Kaman common stock for the 90 days ending January 18, 2024..

根据协议条款，卡曼股东将获得每股46.00美元的现金。每股购买价格比卡曼2024年1月18日（交易公告前的最后一个完整交易日）的收盘价溢价约105%，比截至2024年1月18日的90天内卡曼普通股的成交量加权平均价格（VWAP）溢价约110%。。

“Following robust engagement with Arcline and careful evaluation of other potential value creation opportunities, we are pleased to have reached this agreement,” said Ian K. Walsh, Kaman Chairman, President and Chief Executive Officer. “Given the rigorous review of alternatives we recently completed, we are confident this transaction maximizes value for shareholders and is in the best interest of Kaman as well as our employees, customers and other stakeholders.”.

卡曼董事长、总裁兼首席执行官伊恩·沃尔什（IanK.Walsh）表示：“在与Arcline进行了强有力的接触并仔细评估了其他潜在的价值创造机会之后，我们很高兴达成了这一协议。”。“鉴于我们最近完成的对替代方案的严格审查，我们相信这项交易将为股东带来最大价值，符合卡曼以及我们的员工、客户和其他利益相关者的最佳利益。”。

Mr. Walsh continued, “Over the last several quarters, we have made significant progress executing our strategy by transforming our portfolio, through investing in innovation, pivoting to new growth technologies, and optimizing the Company’s cost structure. Arcline recognizes the strength of Kaman’s leadership and team, product portfolio and outstanding employees, and we look forward to benefitting from increased resources, expertise and flexibility as a private company post-closing.

沃尔什先生继续说道，（笑声）“在过去的几个季度里，我们通过投资创新、转向新的增长技术以及优化公司的成本结构，通过转变投资组合，在执行战略方面取得了重大进展。Arcline认识到卡曼的领导力和团队、产品组合和优秀员工的实力，我们期待从增长中受益d关闭后作为私营公司的资源、专业知识和灵活性。

We thank Kaman’s many valued employees for helping us reach this important milestone in the Company’s history.”.

我们感谢卡曼众多有价值的员工帮助我们达到公司历史上的这一重要里程碑。”。

Arcline said, “We have tremendous respect and admiration for Kaman’s team, history, and its portfolio of brands. Kaman has long been a trusted solutions provider of engineered components and subsystems to mission-critical markets, and we believe the Company is in a strong position to grow and benefit from attractive tailwinds.

Arcline表示：“我们非常尊重和钦佩卡曼的团队、历史和品牌组合。卡曼长期以来一直是关键任务市场工程部件和子系统的可靠解决方案提供商，我们相信该公司处于强大的地位，可以从有吸引力的顺风中成长和受益。

We look forward to working closely with Ian and the rest of the talented Kaman team to drive further growth through accelerated investments in both new product development and strategic acquisitions.”.

我们期待着与Ian和其他才华横溢的Kaman团队密切合作，通过加速新产品开发和战略收购的投资来推动进一步的增长。”。

Transaction Details

交易详细信息

The transaction, which has been unanimously approved by the Kaman Board of Directors, is expected to close in the first half of 2024, subject to customary closing conditions, including approval by Kaman shareholders and receipt of required regulatory approvals. Following its unanimous approval of the transaction, the Kaman Board of Directors recommends that Kaman shareholders vote in favor of the transaction.

该交易已获得卡曼董事会的一致批准，预计将在2024年上半年完成，但须符合惯例的成交条件，包括卡曼股东的批准和收到所需的监管批准。在一致批准该交易后，卡曼董事会建议卡曼股东投票支持该交易。

The transaction is not subject to a financing condition. Arcline intends to fund the transaction with a combination of committed debt and equity financing. Upon completion of the transaction, Kaman will become a wholly owned subsidiary of investment funds managed by Arcline and Kaman’s common stock will no longer be listed on any public stock exchange..

该交易不受融资条件的约束。Arcline打算通过承诺债务和股权融资相结合的方式为交易提供资金。交易完成后，卡曼将成为Arcline管理的投资基金的全资子公司，卡曼的普通股将不再在任何公共证券交易所上市。。

Advisors

顾问

J.P. Morgan Securities LLC is serving as exclusive financial advisor to Kaman, and Skadden, Arps, Slate, Meagher & Flom LLP and Wiggin and Dana LLP are acting as legal counsel to Kaman.

J、 摩根大通证券有限责任公司（P.Morgan Securities LLC）担任卡曼（Kaman）的独家财务顾问，斯加登（Skadden）、Arps、Slate、Meagher&Flom LLP、威金（Wiggin）和达纳（Dana）LLP担任卡曼（Kaman）的法律顾问。

Morgan Stanley & Co. LLC is serving as exclusive financial advisor to Arcline and Latham & Watkins LLP and Paul Hastings LLP are acting as legal counsel to Arcline.

摩根士丹利（Morgan Stanley＆Co.LLC）担任Arcline的独家财务顾问，Latham＆Watkins LLP和Paul Hastings LLP担任Arcline的法律顾问。

About Kaman

关于卡曼

Kaman Corporation, founded in 1945 by aviation pioneer Charles H. Kaman, and headquartered in Bloomfield, Connecticut, conducts business in the aerospace & defense, industrial and medical markets. Kaman produces and markets proprietary aircraft bearings and components; super precision, miniature ball bearings; proprietary spring energized seals, springs and contacts; wheels, brakes and related hydraulic components for helicopters, fixed-wing and UAV aircraft; complex metallic and composite aerostructures for commercial, military and general aviation fixed and rotary wing aircraft; safe and arming solutions for missile and bomb systems for the U.S.

卡曼公司由航空先驱查尔斯·卡曼（CharlesH.Kaman）于1945年成立，总部位于康涅狄格州布卢姆菲尔德（Bloomfield），在航空航天、国防、工业和医疗市场开展业务。卡曼生产和销售专有飞机轴承和部件；超精密微型滚珠轴承；专有弹簧通电密封件、弹簧和触点；直升机、固定翼飞机和无人机的轮子、制动器和相关液压部件；商用、军用和通用航空固定翼和旋转翼飞机的复杂金属和复合材料气动结构；美国导弹和炸弹系统的安全和装备解决方案。

and allied militaries; subcontract helicopter work; restoration, modification and support of our SH-2G Super Seasprite maritime helicopters; support of our heavy lift K-MAX® manned helicopter; and development of the KARGO UAV unmanned aerial system, a purpose built autonomous medium lift logistics vehicle.

和盟军；分包直升机工程；修复、改装和支持我们的SH-2G超级海精灵海上直升机；支持我们的重型K-MAX®载人直升机；以及卡戈无人机无人机系统的开发，这是一种专门制造的自主中型提升物流车辆。

More information is available at www.kaman.com..

有关更多信息，请访问www.kaman.com。。

About Arcline

关于Arcline

Arcline Investment Management is a growth-oriented private equity firm with $8.9 billion in cumulative capital commitments. Arcline seeks to invest in technology driven, meaningful-to-the-world industrial businesses that enable a better future. For more information visit www.arcline.com.

Arcline Investment Management是一家以增长为导向的私人股本公司，累积资本承诺额为89亿美元。Arcline寻求投资于技术驱动的、对世界工业企业有意义的、能够创造更美好未来的行业。有关更多信息，请访问www.arcline.com。

Forward-Looking Statements

前瞻性声明

This release contains 'forward-looking statements' within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements also may be included in other publicly available documents issued by the Company and in oral statements made by our officers and representatives from time to time.

本新闻稿包含1995年《美国私人证券诉讼改革法案》安全港条款所指的“前瞻性声明”。前瞻性声明也可能包含在公司发布的其他公开文件以及我们的管理人员和代表不时发表的口头声明中。

These forward-looking statements are intended to provide management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as 'intend,' 'expect,' 'strategy,' 'will' and other words of similar meaning in connection with a discussion of future operating or financial performance.

这些前瞻性声明旨在根据目前认为有效的假设，提供管理层对我们未来经营和财务业绩的当前期望或计划。在讨论未来经营或财务表现时，可以使用“意图”、“期望”、“战略”、“意志”等词语以及其他类似含义的词语来识别它们。

Examples of forward-looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance. Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause the Company's actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements.

前瞻性报表的例子包括与未来销售额、收益、现金流量、经营成果、现金使用和其他财务业绩衡量指标有关的报表。由于前瞻性报表与未来有关，因此它们受到固有风险、不确定性和其他因素的影响，这些因素可能导致公司的实际业绩和财务状况与前瞻性报表中明示或暗示的结果和财务状况存在重大差异。

Such risks and uncertainties include, but are not limited to, the following risks: (i) the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement; (ii) the risk that the Company’s shareholders may not approve the proposed transaction. (iii) inability to complete the proposed transaction because, among other reasons, conditions to the closing of the proposed transaction may not be satisfied or waived; (iv) uncertainty as to the timing of completion of the proposed transaction; (v) potenti.

此类风险和不确定性包括但不限于以下风险：（i）发生任何可能导致合并协议终止的事件、变化或其他情况；（ii）公司股东可能不批准拟议交易的风险。（iii）无法完成拟议交易，因为除其他原因外，可能不满足或放弃拟议交易的结束条件；（iv）拟议交易完成时间的不确定性；（v）可能性。

Important Additional Information and Where to Find It

重要的附加信息以及在哪里可以找到它

In connection with the proposed transaction between the Company and Arcline, the Company intends to file relevant materials with the SEC, including a preliminary proxy statement on Schedule 14A. Promptly after filing its definitive proxy statement with the SEC, the Company will mail the proxy materials to each shareholder entitled to vote at the special meeting relating to the proposed transaction.

关于公司与Arcline之间的拟议交易，公司打算向SEC提交相关材料，包括附表14A中的初步委托书。在向SEC提交最终委托书后，公司将立即将委托书材料邮寄给有权在与拟议交易有关的特别会议上投票的每位股东。

This communication is not a substitute for the proxy statement or any other document that the Company may file with the SEC or send to its shareholders in connection with the proposed transaction. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SECURITY HOLDERS OF THE COMPANY ARE URGED TO READ THESE MATERIALS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS IN CONNECTION WITH THE PROPOSED TRANSACTION THAT THE COMPANY WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY AND THE PROPOSED TRANSACTION.

本通信不能替代代理声明或公司可能向SEC提交或发送给其股东的与拟议交易有关的任何其他文件。在做出任何投票决定之前，敦促公司投资者和证券持有人阅读这些材料（包括其任何修订或补充）以及公司将在可用时向SEC提交的与拟议交易有关的任何其他相关文件，因为它们将包含有关公司和拟议交易的重要信息。

The definitive proxy statement, the preliminary proxy statement and other relevant materials in connection with the proposed transaction (when they become available), and any other documents filed by the Company with the SEC, may be obtained free of charge at the SEC’s website (http://www.sec.gov) or at the Company’s website (https://investors.kaman.com/) or by contacting the investor relations department of the Company..

最终委托书、初步委托书和与拟议交易有关的其他相关材料（当可用时），以及公司向SEC提交的任何其他文件，可以在SEC网站上免费获得(http://www.sec.gov)或在公司网站上(https://investors.kaman.com/)或联系公司投资者关系部。。

Participants in the Solicitation

征集参与者

The Company and its directors and executive officers, including Aisha M. Barry, A. William Higgins, Scott E. Kuechle, Michelle J. Lohmeier, Jennifer M. Pollino, Niharika T. Ramdev, all of whom are members of the Company's Board of Directors, as well as Ian K. Walsh, the Company's Chairman, President and Chief Executive Officer, Carroll K.

公司及其董事和执行官，包括Aisha M.Barry、A.William Higgins、Scott E.Kuechle、Michelle J.Lohmeier、Jennifer M.Pollino、Niharika T.Ramdev，他们都是公司董事会成员，以及Ian K.Walsh，公司董事长、总裁兼首席执行官Carroll K。

Lane, Interim Chief Financial Officer, Richard S. Smith, Jr., General Counsel, may be deemed to be participants in the solicitation of proxies from the Company’s shareholders with respect to the proposed transaction. Additional information regarding such participants (other than for Mr. Smith), including their direct or indirect interests, by security holdings or otherwise, can be found under the captions ' Security Ownership of Certain Beneficial Owners and Management,' “Information about the Board of Directors and Corporate Governance—2022 Director Compensation,' and 'Compensation Discussion and Analysis' contained in the Company's proxy statement on Schedule 14A filed with the SEC on March 3, 2023.

临时首席财务官莱恩（Lane）和总法律顾问理查德·史密斯（Richard S.Smith，Jr.）可能被视为公司股东就拟议交易征集代理人的参与者。有关此类参与者（史密斯先生除外）的其他信息，包括他们通过证券持有或其他方式的直接或间接利益，可以在某些受益所有人和管理层的标题证券所有权下找到，2023年3月3日提交给美国证券交易委员会的附表14A中的“董事会和公司治理信息-2022年董事薪酬”以及“薪酬讨论和分析”。

To the extent that the Company’s directors and executive officers and their respective affiliates have acquired or disposed of security holdings since the applicable “as of” date disclosed in the 2023 Proxy Statement, such transactions have been or will be reflected on Statements of Change in Ownership on Form 4, Initial Statements of Beneficial ownership on Form 3, or amendments to beneficial ownership reports on Schedules 13D filed with the SEC: Form 4, filed by Scott E.

如果自2023年委托书中披露的适用“截止”日期以来，公司董事和执行官及其各自的关联公司已经收购或处置了证券持有，则此类交易已经或将反映在表格4中的所有权变更声明、表格3中的受益权初始声明中，或向美国证券交易委员会提交的附表13D中实益所有权报告的修订：表格4，由Scott E.提交。

Kuechle, with the filings of the Company on April 21, 2023; Form 4 filed by Niharika Ramdev, with the filings of the Company on April 21, 2023; Form 4, filed by A. William Higgins, with the filings of the Company on April 21, 2023; Form 4s filed by Carroll K. Lane, with.

Kuechle，于2023年4月21日提交公司备案；Niharika Ramdev于2023年4月21日提交的表格4以及公司的文件；表4，由A.William Higgins于2023年4月21日提交公司备案；由Carroll K.Lane提交的表格4s。