LaBarge To End Investor Suit Over $340M Ducommun Deal

Law360, Wilmington (June 9, 2011, 2:06 PM EDT) -- LaBarge Inc. agreed Wednesday to make supplemental disclosures to settle a shareholder class action in Delaware state court challenging rival Ducommun Inc.'s proposed $340 million acquisition of the aerospace electronics maker.

On April 4, Ducommun announced a plan to acquire LaBarge at $19.25 per share. Shareholder Barry Borodkin soon filed suit in the Delaware Court of Chancery, saying the deal undervalued LaBarge, and that suit was later consolidated with a similar action.

In a memorandum of understanding the shareholders agreed to drop their claims for breach...
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