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Short Take: Ducommun sells wireless unit

Ducommun, a maker of components for wireless telecommunications and aerospace, announced it has sold the capital stock of its wireless communications subsidiary 3dbm to Com Dev for $17.25 million in cash. The transaction will result in an after-tax gain of approximately $5.5 million to $6.5 million, or 47 cents to 55 cents per diluted share, which will be recorded in the third quarter.