Orbital and ATK Complete Merger, Now Orbital ATK
Orbital Sciences Corporation and Alliant Techsystems Inc. (ATK) completed their merger today. The new company is named Orbital ATK.
The “merger of equals” was announced in April 2014. The tax-free, all-stock merger became final after ATK spun off its sporting business as a separate company, Vista Outdoors.
ATK decided to proceed with the merger despite the launch failure of Orbital’s Antares rocket in October 2014, although it was a factor in delaying the merger from December until now. The Justice Department and the Federal Trade Commission approved the merger in December pending the spinoff of Vista Outdoors.
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