Albion River Affiliate Ignium LP Accumulates 9.2% Stake in Ducommun Incorporated
April 22, 2024
Albion River LLC, through its affiliate Ignium LP, disclosed it has increased its ownership in Ducommun Incorporated (NYSE: DCO) to over 9.2% and says it has made a bid valuing the company at $60 per share. Albion criticized Ducommun's board for declaring the company "not for sale," said it plans to engage directly with shareholders, and urged board-level actions to align management incentives with a $60 strike price.
- Buyers
- Albion River LLC, Ignium LP
- Targets
- Ducommun Incorporated
- Industry
- Aerospace & Defense
- Location
- California, United States
- Transaction Type
- Buyout
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