The ball bearings giant offers a 22% premium, or 12.7 times Ebitda, for the Mich.-based maker of industrial components.
U.S. stock futures are inching cautiously higher Thursday as investors digest a barrage of economic data.
U.S. stock futures point higher; Sweden's SKF to buy Kaydon for $1.25 billion; Qualcomm unveils the Toq smartwatch; BlackBerry seeks a fast auction process, a report says.
Kaydon Corporation (NYSE:KDN) has been upgraded by TheStreet Ratings from a hold to buy.
Kaydon Corporation (NYSE:KDN) hit a new 52-week low Friday as it is currently trading at $20.58, below its previous 52-week low of $20.67 with 8,657 shares traded as of 9:33 a.m. ET. Average volume has been 359,900 shares over the past 30 days.
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