COSTA MESA, CA – Ducommun has rejected an unsolicited, revised buyout offer from Albion River that valued the company at around $957 million, saying the offer undervalues its mid- and long-term growth initiatives.

Albion River, a private direct investment firm, previously made a buyout offer of $60 per share, and on July 15 raised the bid to $65 per share. After consideration of the offer, Ducommun's board decided its current growth strategy reflects a better long-term value creation opportunity for the company’s shareholders, Ducommun said in a release.

"Our board of directors believes that Albion River’s revised proposal significantly undervalues Ducommun’s long-term value for shareholders," the company said.

Ducommun reached an all-time high revenue of $757 million in 2023.