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Stock Market & Financial Investment News

News Breaks
December 12, 2012
08:56 EDTATKATK secures .40 caliber ammunition contract with FBI, Justice Department
ATK announced that it is being awarded a Fixed Price Indefinite Delivery/Indefinite Quantity agreement from the Department of Justice and Federal Bureau of Investigation for .40 caliber ammunition. This contract to provide duty and training ammunition features a base of 12 months, includes four option years and has a maximum value of $75M over the life of the contract.
News For ATK From The Last 14 Days
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November 28, 2014
06:36 EDTATKLower-cost rockets likely to be approved in Europe, WSJ reports
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November 19, 2014
17:30 EDTATKATK reaffirms FY15 standalone guidance
17:25 EDTATKATK Sporting strategy remains on track
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17:23 EDTATKATK board continues to support merits of Orbital transaction
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17:18 EDTATKATK says CRS impact on Orbital earnings, cash flow minimal
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November 18, 2014
06:39 EDTATKATK to host business news update conference call
Conference call to discuss transaction with Orbital and on the Sporting Group business will be held on November 19 at 4:30 pm. Webcast Link
November 17, 2014
18:01 EDTATKATK, Orbital continue to support plans for merger
Alliant Techsystems (ATK) and Orbital Sciences (ORB) announced that the two companies have set January 27, 2015 as the new date for their separate, special stockholder meetings in connection with the proposed transaction to spin off ATK's Sporting Group business and immediately thereafter, merge ATK's Aerospace and Defense Groups with Orbital. On October 28, both companies communicated they would hold separate, special stockholder meetings on December 9, for ATK stockholders to vote on the issuance of shares to stockholders of Orbital and for Orbital stockholders to vote on the proposed transaction. Following this announcement on October 28, a failure occurred during Orbital's Antares launch. Since the incident, the companies have conducted a thorough review and analysis of the launch failure and Orbital's proposed recovery plan and long-term competitive position. Following this review, ATK's board of directors continues to support the strategic merits of the transaction and recommends that ATK stockholders vote to approve the issuance of shares to Orbital stockholders. Orbital's board of directors also continues to recommend that Orbital stockholders vote to approve the proposed transaction. As a result of the Antares launch failure and the time required to complete the subsequent review process, the companies have postponed the special stockholder meetings until January 27, 2015, to be held at each company's respective corporate headquarters. ATK and Orbital stockholders of record as of the close of business on December 16 will be entitled to vote at their respective special stockholder meetings. The record date for the spinoff will be determined and publicly announced at a later date. The transaction is expected to close in February 2015, and is subject to customary closing conditions including regulatory approvals and the approval of both ATK's and Orbital's stockholders. Additional information concerning the special meetings and the transaction will be included in an amendment to the ATK registration statement on Form S-4, which will be filed with the Securities and Exchange Commission and, once declared effective, the joint proxy statement/prospectus will be mailed to ATK and Orbital stockholders who are entitled to vote at the respective special meetings.
07:27 EDTATKATK upgraded to Buy from Neutral at Monness Crespi
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