Bloomberg Markets: Dave Wilson's Stock of the Day for May 31

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Recorded31 May 2017

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Bloomberg Markets with Carol Massar and Cory Johnson.\u0010\u0010GUEST:\u0010David Wilson\u0010Stocks Editor\u0010Bloomberg News\u0010Discussing his "Stock of the Day" Kadant (KAI). Kadant Inc.'s shares rose to a record after the supplier of paper-processing equipment reached a deal to expand through a takeover. The company agreed to buy the forest-product business of a closely held machinery maker, NII FPG, for $173 million in cash. Kadant said in a statement that the deal complements its existing product line.See omnystudio.com/listener for privacy information.

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