Ducommun Confirms Receipt Of $60 Per Share Unsolicited, Non-Binding Indication Of Interest From Albion River
Portfolio Pulse from Benzinga Newsdesk
Ducommun has received an unsolicited, non-binding $60 per share offer from Albion River. The Board of Directors is reviewing the proposal to decide if it's in the best interest of the company and its shareholders. Shareholders are advised not to take any action at this time.
April 08, 2024 | 10:07 am
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Ducommun received a $60 per share unsolicited offer from Albion River, currently under review by the Board of Directors.
The unsolicited offer from Albion River could potentially lead to a merger or acquisition, which often results in a positive short-term impact on the stock price of the company being acquired. The price of $60 per share indicates a premium over the current trading price, which could lead to increased investor interest and a rise in stock price in the short term. However, the final impact will depend on the Board's decision and the response from the shareholders.
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