Ducommun to be Acquired for $1.4 Billion
Ticker: DCO · Form: 8-K · Filed: Jul 18, 2024 · CIK: 30305
Sentiment: bullish
Topics: acquisition, merger, aerospace-defense
TL;DR
Ducommun is being bought out for $1.4B cash ($70/share) by High Purity Systems affiliate, closing Q4 2024.
AI Summary
Ducommun Inc. announced on July 18, 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 shareholders expected to receive $70.00 per share in cash. The acquisition is anticipated to close in the fourth quarter of 2024, subject to customary closing conditions.
Why It Matters
This acquisition marks a significant event for Ducommun shareholders, providing them with a substantial cash premium for their shares. It also signals a shift in ownership for a company operating in the aerospace and defense sector.
Risk Assessment
Risk Level: medium — The deal is subject to customary closing conditions and regulatory approvals, which could potentially delay or prevent the transaction from closing.
Key Numbers
- $1.4B — Transaction Value (Total amount Ducommun Inc. is being acquired for.)
- $70.00 — Price Per Share (Cash amount shareholders will receive per share.)
Key Players & Entities
- Ducommun Inc. (company) — Company being acquired
- High Purity Systems, Inc. (company) — Acquiring entity's parent
- $1.4 billion (dollar_amount) — Total transaction value
- $70.00 (dollar_amount) — Price per share
- July 18, 2024 (date) — Date of announcement
- fourth quarter 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 acquisition?
The acquisition is valued at approximately $1.4 billion.
How much will Ducommun shareholders receive per share?
Ducommun shareholders 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 fourth quarter of 2024.
What are the conditions for the acquisition to close?
The acquisition is subject to customary closing conditions and regulatory approvals.
Filing Stats: 457 words · 2 min read · ~2 pages · Grade level 11.5 · Accepted 2024-07-18 06:04:32
Key Financial Figures
- $65.00 — ares of common stock of the Company for $65.00 per share in cash. A copy of the Comp
Filing Documents
- d817879d8k.htm (8-K) — 25KB
- d817879dex991.htm (EX-99.1) — 6KB
- g817879snap1.jpg (GRAPHIC) — 14KB
- 0001193125-24-180700.txt ( ) — 172KB
- dco-20240718.xsd (EX-101.SCH) — 3KB
- dco-20240718_lab.xml (EX-101.LAB) — 18KB
- dco-20240718_pre.xml (EX-101.PRE) — 11KB
- d817879d8k_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 July 18, 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: July 18, 2024 By: /s/ Rajiv A. Tata Rajiv A. Tata Vice President, General Counsel & Corporate Secretary