LaBarge Announces Stockholder Approval of Acquisition by Ducommun Incorporated

LaBarge LB announced that at a special meeting of stockholders held today, the Company's stockholders voted to approve and adopt the Agreement and Plan of Merger under which LaBarge will be acquired by Ducommun Incorporated. The definitive merger agreement was entered into by the companies on April 3, 2011. The merger is expected to close on or about June 28, 2011. Adoption and approval of the Agreement and Plan of Merger required an affirmative vote of the holders of two-thirds of the Company's common stock entitled to vote on May 17, 2011, the record date. The merger agreement was approved by 99 percent of the shares voting on the proposal, and these affirmative shares constituted 83 percent of the total shares outstanding on the record date. Under the terms of the merger agreement, each outstanding share of LaBarge common stock will be cancelled and converted into the right to receive $19.25 in cash. LaBarge stockholders will receive instructions on how to surrender their shares in exchange for payment. Stockholders of record should wait to receive these instructions before surrendering their shares.