Ducommun Inc. rejects $65/share acquisition offer from Albion River LLC.
Ducommun Inc. rejected a $65 per share acquisition offer from Albion River LLC, stating the offer isn't in the best interests of the company and its shareholders. Ducommun's board and management have successfully transformed the business, increasing its market capitalization from $286M in 2016 to $929M in 2024. Ducommun expects net revenues of $950-$1,000M by 2027, a 33-40% increase since 2022.
July 25, 2024
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