Key Summary: On April 1, 2024, Albion River LLC's affiliate, Ignium LP (9%), expressed interest in acquiring Ducommun through a letter to the Board. On November 7, 2024, the company refreshed its Board and reported positive earnings, leading Albion River (5%) to sell a portion of their shares.Market Cap: $1 billion | Ducommun Incorporated provides engineering and manufacturing services for products and applications used primarily in the aerospace and defense, industrial, medical, and other industries in the United States.
On April 1, 2024, Albion River LLC's affiliate, Ignium LP, (9%) expressed interest in acquiring the company through a letter addressed to the Board of Directors. The letter highlighted concerns about Ducommun's valuation in the public market. Albion proposed a cash acquisition of all outstanding shares at $60 per share.
On November 7, 2024, the company refreshed its Board and reported positive earnings, leading Albion River (5%) to sell a portion of their shares. They now no longer plan to actively engage with the company and will report their holdings on a Schedule 13G moving forward. Source
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