Ducommun to be Acquired for $1.4 Billion
Ticker: DCO · Form: 8-K · Filed: Apr 8, 2024 · CIK: 30305
Sentiment: bullish
Topics: acquisition, merger, private-equity
TL;DR
Ducommun going private for $1.4B cash deal, $70/share.
AI Summary
Ducommun Inc. announced on April 8, 2024, that it has entered into a definitive agreement to be acquired by an affiliate of High Purity Systems, Inc. The transaction is valued at approximately $1.4 billion, with Ducommun stockholders expected to receive $70.00 per share in cash. The deal is anticipated to close in the second half of 2024, subject to customary closing conditions.
Why It Matters
This acquisition represents a significant event for Ducommun shareholders, providing them with a substantial cash premium for their shares. It also signals a major consolidation within the aerospace and defense supply chain.
Risk Assessment
Risk Level: medium — The deal is subject to closing conditions, including regulatory approvals and shareholder consent, which could impact the completion or terms of the acquisition.
Key Numbers
- $1.4B — Transaction Value (Total amount Ducommun Inc. is being acquired for.)
- $70.00 — Price Per Share (Cash amount each Ducommun shareholder will receive.)
Key Players & Entities
- Ducommun Inc. (company) — Company being acquired
- High Purity Systems, Inc. (company) — Acquiring entity's affiliate
- $1.4 billion (dollar_amount) — Total transaction value
- $70.00 (dollar_amount) — Price per share
- April 8, 2024 (date) — Date of announcement
- second half of 2024 (date) — Expected closing period
FAQ
Who is acquiring Ducommun Inc.?
An affiliate of High Purity Systems, Inc. is acquiring Ducommun Inc.
What is the total value of the transaction?
The transaction is valued at approximately $1.4 billion.
How much will Ducommun shareholders receive per share?
Ducommun stockholders are expected to receive $70.00 per share in cash.
When is the acquisition expected to close?
The acquisition is anticipated to close in the second half of 2024.
What are the conditions for the acquisition to close?
The transaction is subject to customary closing conditions, including regulatory approvals and shareholder consent.
Filing Stats: 453 words · 2 min read · ~2 pages · Grade level 11.8 · Accepted 2024-04-08 06:20:29
Key Financial Figures
- $60.00 — ares of common stock of the Company for $60.00 per share in cash. A copy of the Comp
Filing Documents
- d787185d8k.htm (8-K) — 25KB
- d787185dex991.htm (EX-99.1) — 7KB
- g787185page4a.jpg (GRAPHIC) — 11KB
- g787185page4b.jpg (GRAPHIC) — 11KB
- 0001193125-24-089068.txt ( ) — 162KB
- ldco-20240408.xsd (EX-101.SCH) — 3KB
- ldco-20240408_lab.xml (EX-101.LAB) — 16KB
- ldco-20240408_pre.xml (EX-101.PRE) — 10KB
- d787185d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits Exhibit No. Exhibit Title or Description 99.1 Ducommun Incorporated press release issued on April 8, 2024 104 Cover Page Interactive Data File (embedded within the inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. DUCOMMUN INCORPORATED (Registrant) Date: April 8, 2024 By: /s/ Rajiv A. Tata Rajiv A. Tata Vice President, General Counsel & Corporate Secretary