The battle for control of Bloomfield-based Kaman Corp. has ended, and for the first time in 50 years all shareholders will have a voice in how the company is run.
A hedge fund that filed suit against Kaman to block its planned recapitalization threw in the towel after an initial court ruling in the company’s favor, Kaman announced Thursday. The recapitalization is now complete.
“Completion of our recapitalization represents one of the most significant developments in the history of this company,” said Paul R. Kuhn, Kaman’s president and CEO. “And the benefits are expected to be well worth the years of effort that went into making it possible.”
