DCO - Ducommun Incorporated Confirms Receipt of Unsolicited Non-Binding Indication of Interest From Albion River | Benzinga
SANTA ANA, Calif., April 08, 2024 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE:DCO) ("Ducommun" or the "Company"), a global supplier of innovative electronic systems and structural solutions for the aerospace and defense industry, today confirmed that the Company's Board of Directors has received an unsolicited non-binding indication of interest from Albion River LLC, a private direct investment firm, to acquire all outstanding shares of Ducommun for $60.00 per share in cash.
Consistent with its fiduciary duties and in consultation with its legal and financial advisors, the Board of Directors will carefully review and consider the proposal to determine if it is in the best interest of the Company and Ducommun's shareholders. The Company's shareholders do not need to take any action at this time and the Board has made no decision with respect to the Company's response to the indication of interest.
Ducommun has a rich 175-year history and is the oldest continuously ...