Ignium LP. managed by Albion River Management LLC made an unsolicited non-binding indication of interest to acquire remaining 90.98% stake in Ducommun Incorporated (NYSE:DCO) for approximately $830 million on April 1, 2024. As reported, Albion River will pay $60.00 per share in cash. This non-binding indication of interest remains contingent upon, among other things (i) satisfactory completion of due diligence review of Ducommun, (ii) the receipt of financing for the transaction, and (iii) the negotiation and execution of a mutually acceptable definitive merger agreement containing customary terms and conditions. Execution of mutually acceptable definitive transaction and related agreements will be conditioned upon final board approval of both companies. RBC Capital Markets, LLC is acting as a financial advisor to Ducommun, and Simpson Thacher & Bartlett LLP is acting as legal counsel.

Ignium LP. managed by Albion River Management LLC cancelled the acquisition of remaining 90.98% stake in Ducommun Incorporated (NYSE:DCO) on April 16, 2024. The Board of Directors of Ducommun has unanimously determined it is not in the best interests of Ducommun and its shareholders to pursue further discussions regarding the proposal and rejected the bid. Ducommun Board of Directors believes that Albion River?s offered price and generic proposed actions significantly undervalues Ducommun and does not fully reflect the company?s proven, long-term growth initiatives.