Tuesday, January 27, 2015

Orbital, ATK merger OKd

DULLES, Va.--Orbital Sciences Corp. today announced stockholders voted to approve the proposed merger with the Aerospace and Defense Groups of Alliant Techsystems Inc. About 99 percent of the votes cast at a special meeting voted in favor, representing some 85 percent of the total of outstanding shares of Orbital common stock. Subject to the satisfaction or waiver of the remaining conditions to closing, the merger is expected to close on Monday, February 9, 2015. At closing of the merger, ATK will be renamed Orbital ATK Inc. (Source: Business Wire, 01/27/15) Gulf Coast note: Orbital Sciences tests rocket engines at Stennis Space Center, Miss. Previous