Ducommun (DCO) Receives Acquisition Offer from Albion River LLC

By Bobby Samwell • Monday, April 08 10:40 • Permanent Link

Ducommun Incorporated (NYSE: DCO), a global supplier of electronic systems and structural solutions for the aerospace and defense industry, has confirmed that it has received an unsolicited non-binding indication of interest from Albion River LLC to acquire all outstanding shares of Ducommun for $60.00 per share in cash.

In 2023, Ducommun experienced a year-over-year increase in market capitalization from $605 million in 2022 to $760 million. Additionally, the company reached a new all-time revenue record of $757 million in 2023.

RBC Capital Markets, LLC is serving as the financial advisor to Ducommun, while Simpson Thacher & Bartlett LLP is acting as legal counsel.

Following these announcements, the company's shares moved 13.4%, and are now trading at a price of $55.09. Check out the company's full 8-K submission here.

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