Ducommun To Buy LaBarge for $19.25 per share

Ducommun Incorporated (NYSE: DCO) announced its plans to buy all outstanding stock of LaBarge Inc (AMEX: LB) for $19.25 per share in cash.

As per the agreement terms, Ducommun will purchase all shares of LaBarge for a total purchase price of around $340 million, including the assumption of LaBarge's outstanding debt.

“This is one of the most strategically significant moves Ducommun has ever made, one which will transform our Company into a larger, stronger entity focused on serving our customers in aerostructures and electronics,” said Anthony J. Reardon, president and chief executive officer of Ducommun.

DCO shares gained 0.67% to close at $24.06 on Friday, while LB shares lost 1.53% to close at $17.43 on Friday.

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