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Stock Market & Financial Investment News

News Breaks
April 30, 2014
07:19 EDTATK, ORBOrbital Sciences move positive, says Stifel
After Orbital (ORB) and ATK (ATK) announced that their defense and aerospace units would merge, Stifel thinks the transaction will enable Orbital to significantly increase its rocket and satellite capabilities, allowing it to compete more effectively against larger companies. The firm keeps a Buy rating on Orbital.
News For ORB;ATK From The Last 14 Days
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January 28, 2015
16:35 EDTORB, ATKATK not issuing guidance due to pending closing of Orbital deal
Due to the pending closing of the anticipated transaction, Alliant Techsystems (ATK) is not discussing its outlook or issuing financial guidance. On the anticipated closing date, February 9, ATK stockholders as of the applicable record date, February 2, will receive two shares of Vista Outdoor (VSTO) common stock for every one share of ATK common stock they hold. In connection with the merger, Orbital (ORB) stockholders will receive 0.449 shares of ATK common stock for each share of Orbital common stock that they hold. Upon the closing of the transaction, ATK stockholders will own approximately 53.8% of Orbital ATK on a fully diluted basis and Orbital stockholders will own the remaining approximately 46.2% of Orbital ATK on a fully diluted basis.
16:33 EDTATKATK reports Q3 EPS adjusted $3.02, consensus $2.88
Reports Q3 revenue $1.25B, consensus $1.25B. Orders for the quarter were $1B, down from $1.3B in the prior-year quarter. The decrease was driven by lower orders in the Aerospace and Sporting Groups, partially offset by an increase in the Defense Group. The company maintains a backlog of $6.7B.
January 27, 2015
10:34 EDTATK, ORBATK holders approve issuance of shares to Orbital
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January 26, 2015
08:01 EDTATK, ORBOrbital price target raised to $35 from $28 at Stifel
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January 23, 2015
06:15 EDTORBRoystone Capital reports 6.2% passive stake in Orbital
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January 22, 2015
14:27 EDTORB, ATKOrbital to host special shareholder meeting
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