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
Location
California, United States
Transaction Type
Buyout

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