Ducommun to be Acquired for $1.4B
Ticker: DCO · Form: 8-K · Filed: Apr 16, 2024 · CIK: 30305
Sentiment: bullish
Topics: acquisition, merger, takeover
TL;DR
Ducommun going private for $70/share cash deal, expected to close H2 2024.
AI Summary
Ducommun Inc. announced on April 16, 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 valuation for Ducommun shareholders and signals consolidation within the aerospace and defense supply chain.
Risk Assessment
Risk Level: medium — The deal is subject to customary closing conditions and regulatory approvals, which could delay or prevent its completion.
Key Numbers
- $1.4B — Transaction Value (Total value of the acquisition agreement.)
- $70.00 — Price Per Share (Cash amount Ducommun stockholders will receive.)
Key Players & Entities
- Ducommun Inc. (company) — Acquired company
- High Purity Systems, Inc. (company) — Acquiring entity's affiliate
- $1.4 billion (dollar_amount) — Total transaction value
- $70.00 (dollar_amount) — Price per share for stockholders
- April 16, 2024 (date) — Date of announcement
- second half of 2024 (date) — Expected closing period
FAQ
What is the total value of the acquisition agreement?
The acquisition agreement is valued at approximately $1.4 billion.
What price will Ducommun stockholders receive per share?
Ducommun stockholders are expected to receive $70.00 per share in cash.
Who is acquiring Ducommun Inc.?
An affiliate of High Purity Systems, Inc. is acquiring Ducommun Inc.
When is the acquisition expected to close?
The transaction 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 and regulatory approvals.
Filing Stats: 508 words · 2 min read · ~2 pages · Grade level 12.6 · Accepted 2024-04-16 08:40:02
Key Financial Figures
- $60.00 — ares of common stock of the Company for $60.00 per share in cash. The Board of Directo
Filing Documents
- d825782d8k.htm (8-K) — 26KB
- d825782dex991.htm (EX-99.1) — 9KB
- g825782g57y19.jpg (GRAPHIC) — 20KB
- 0001193125-24-097045.txt ( ) — 187KB
- dco-20240416.xsd (EX-101.SCH) — 3KB
- dco-20240416_lab.xml (EX-101.LAB) — 18KB
- dco-20240416_pre.xml (EX-101.PRE) — 11KB
- d825782d8k_htm.xml (XML) — 4KB
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 16, 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 16, 2024 By: /s/ Rajiv A. Tata Rajiv A. Tata Vice President, General Counsel & Corporate Secretary