Alliance Techsystems (ATK) is set to complete its merger with Orbital Sciences (ORB) today and just prior to the combination, the company will spinoff its outdoor sports segment, Vista Outdoors, in a tax free transaction. The new company will trade on the NYSE under the ticker ‘VSTO’ and ATK shareholders will receive 2 share of VSTO for every… Read More »
During a pair of special meetings, shareholders at both Alliance Techsystems (ATK) and Orbital Sciences (ORB) overwhelmingly approved their proposed merger. Nearly 100% of votes cast were in favor and hey, why should a rocket explosion spoil a good deal? Orbital shareholders will receive 0.449 shares of ATK common stock for each ORB share owned, effectively giving Orbital shareholders… Read More »
Alliant Techsystems(ATK) has taken another step forward towards its spinoff of Vista Outdoor and subsequent merger with Orbital Sciences(ORB). The transaction, which is back on track after a delay caused by the fiery explosion of an Orbital Sciences Antares rocket, is now expected to be completed on February 9. ATK shareholders will receive two shares of Vista Outdoor,… Read More »
https://www.youtube.com/watch?v=UsvUVDTgPoI The dramatic explosion of Orbital Sciences'(ORB) Antares rocket on October 28 delayed a planned merger with Alliant Techsystems(ATK), but it will not derail it. Last April, Alliant announced it would spin off its sporting goods business and subsequently merge its defense business with Orbital. The sporting goods business will be known as Vista Outdoor,Inc. As might be… Read More »
Sometimes, businesses that begin based on natural synergies grow apart. This appears to be the case with Alliance Techsystems(ATK). The company has three divisions: Aerospace, Defense, and Outdoor Sports. This once made a great deal of sense, as the ammunition the company sells to the military is a similar product to the ammunition it sells to hunters. As… Read More »