Shares of manufacturing company Ducommun Inc ( DCO ) are soaring after the company confirmed that its Board of Directors received an unsolicited non-binding indication of interest from Albion River LLC.

A private direct investment firm, Albion, has proposed to acquire all outstanding shares of Ducommun ( DCO ) for $60.00 per share in cash.

Ducommun ( DCO ) said its Board of Directors will carefully review and consider the proposal to determine if it is in the best interest of the company and the shareholders.

The company recorded a revenue of $757 million in 2023, and the shareholders benefited from a year-over-year increase in market capitalization from $605 million in 2022 to $760 million.

RBC Capital Markets, LLC is acting as a financial advisor to Ducommun ( DCO ), and Simpson Thacher & Bartlett LLP is acting as legal counsel.

Ducommun ( DCO ) provides manufacturing solutions to customers in the aerospace, defense and industrial markets, specializing in Electronic Systems and Structural Systems.

Price Action: DCO shares are trading higher by 14.2% at $55.48 in premarket on the last check Monday.