Ducommun Inc (NYSE:DCO) announced Monday it is acquiring LaBarge Inc (AMEX:LB) for $19.25 per share in cash. That represents a 10% premium over the company’s closing price Friday of $17.43 per share.The transaction has a total value of about $340 million, included debt assumed and net of cash acquired. The deal is expected to close in June of 2011.LaBarge will be combined with Ducommun's Technologies subsidiary, once the deal is finalized, which will be renamed Ducommun LaBarge Technologies and will be led by the current COO of LaBarge.Anthony J. Reardon, president and CEO of Ducommun, said, "On behalf of everyone at Ducommun, let me state how important we view this acquisition as we extend a warm welcome to all members of the LaBarge team. We firmly believe this transaction will be a transformational event for both companies, combining two great organizations with common cultures and a shared vision. LaBarge, with its market leadership, proven management, and strong workforce, will bolster our technology business and, along with our AeroStructures operations, solidify our position as a world class manufacturing services company. Working together, we see a bright future for Ducommun LaBarge Technologies in serving our customers with access to new markets and global growth channels."