Ducommun Receives $65 Per Share Acquisition Offer from Albion River LLC
Portfolio Pulse from Benzinga Newsdesk
Ducommun Incorporated (NYSE:DCO) has received an unsolicited acquisition offer from Albion River LLC to buy all outstanding shares for $65 per share in cash. The Board of Directors is reviewing the proposal.
July 18, 2024 | 9:48 am
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Ducommun Incorporated has received an unsolicited acquisition offer from Albion River LLC to buy all outstanding shares for $65 per share in cash. The Board of Directors is currently reviewing the proposal.
The acquisition offer at $65 per share represents a premium over the current market price, which is likely to drive the stock price up in the short term as investors anticipate a potential buyout. The Board's review process adds some uncertainty, but the offer itself is a positive signal.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100