BLOOMFIELD, Conn., Nov. 27 /PRNewswire-FirstCall/ -- Kaman Corp.
(Nasdaq: KAMN) today announced that it has issued a redemption notice
calling for full redemption on December 20, 2007 of all $11,164,000 of its
remaining outstanding 6% Convertible Subordinated Debentures due 2012 at a
redemption price of 100% of principal amount plus accrued interest to
December 20, 2007. The Debentures are convertible until the close of
business on December 17, 2007 at the current conversion price of $23.359375
into shares of the company's Common Stock. The reported closing price of
the company's Common Stock on the NASDAQ Global Market on November 26, 2007
was $31.71. Any holders of Debentures wishing to convert should carefully
follow the instructions provided in the redemption notice.
Kaman Corp. conducts business in the aerospace, industrial distribution
and music markets.
SOURCE Kaman Corp.
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Related links:
http://www.kaman.com/
http://www.prnewswire.com/comp/480450.html/
CONTACT:
Russell H. Jones, SVP, Chief Investment
Officer & Treasurer of Kaman Corp., +1-860-243-6307,
Russell.Jones@kaman.com
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