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Ducommun Rejects Albion Buyout Bid

Offer for $60 per share

Santa Ana-based aerospace and defense company Ducommun Inc. (NYSE: DCO) said it had rejected an unsolicited, non-binding “indication of interest” from private investment firm Albion River LLC.

Ducommun said in a statement the “proposal undervalues Ducommun and does not fully reflect the Company’s proven, long-term growth initiatives.”

Albion offered to acquire all outstanding shares of Ducommun for $60 per share in cash, the Santa Ana-based company said in the statement. The buyout would have valued the company at more than $878 million, according to MarketWatch.

Ducommun shares today closed at $53.34 each for a market cap of $781 million.

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Kevin Costelloe
Kevin Costelloe
Tech reporter at Orange County Business Journal
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