Ducommun to be Acquired for $1.4B
Ticker: DCO · Form: 8-K · Filed: Jul 25, 2024 · CIK: 30305
Sentiment: neutral
Topics: acquisition, m&a, aerospace
TL;DR
Ducommun is being bought for $1.4 billion by High Purity Systems!
AI Summary
Ducommun Incorporated announced on July 25, 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. This acquisition is expected to close in the fourth quarter of 2024, subject to customary closing conditions.
Why It Matters
This acquisition marks a significant change in ownership for Ducommun, a long-standing player in the aerospace and defense industry, potentially impacting its strategic direction and operations.
Risk Assessment
Risk Level: medium — The acquisition is subject to closing conditions, and there's always a risk of deals falling through or regulatory hurdles.
Key Numbers
- $1.4B — Acquisition Value (Total price for Ducommun Incorporated)
- Q4 2024 — Expected Closing (Anticipated timeframe for the transaction to be finalized)
Key Players & Entities
- Ducommun Incorporated (company) — Company being acquired
- High Purity Systems, Inc. (company) — Acquiring entity's affiliate
- $1.4 billion (dollar_amount) — Valuation of the acquisition
- July 25, 2024 (date) — Date of the announcement
- fourth quarter of 2024 (date) — Expected closing period for the acquisition
FAQ
Who is the acquiring entity?
An affiliate of High Purity Systems, Inc. is acquiring Ducommun Incorporated.
What is the total value of the transaction?
The definitive agreement values the transaction at approximately $1.4 billion.
When is the acquisition expected to close?
The acquisition is expected 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.
What is Ducommun Incorporated's primary business?
Ducommun Incorporated is in the business of manufacturing aircraft parts and auxiliary equipment.
Filing Stats: 502 words · 2 min read · ~2 pages · Grade level 12.5 · Accepted 2024-07-25 06:01:52
Key Financial Figures
- $65.00 — ares of common stock of the Company for $65.00 per share in cash. The Board of Directo
Filing Documents
- d783397d8k.htm (8-K) — 26KB
- d783397dex991.htm (EX-99.1) — 9KB
- g783397g0724045741800.jpg (GRAPHIC) — 6KB
- 0001193125-24-184043.txt ( ) — 167KB
- dco-20240725.xsd (EX-101.SCH) — 3KB
- dco-20240725_lab.xml (EX-101.LAB) — 18KB
- dco-20240725_pre.xml (EX-101.PRE) — 11KB
- d783397d8k_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 25, 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 25, 2024 By: /s/ Rajiv A. Tata Rajiv A. Tata Vice President, General Counsel & Corporate Secretary