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Stock Market & Financial Investment News

News Breaks
July 9, 2014
07:43 EDTORBWorries about Orbital Sciences Export-Import exposure overdone, says Wells Fargo
Wells Fargo believes that some of Orbital Sciences' recent underperformance could be due to investors' concerns about the impact of the potential wind-down of the U.S. Export-Import Bank on Orbital. However, the firm reports that only about 2% of Orbital's sales, accounting for less than 2% of its EPS, may be backed by the bank. The firm says that the company could obtain funding from other sources to replace funding from the Export-Import Bank if it is shut down. Wells Fargo keeps an Outperform rating on Orbital.
News For ORB From The Last 14 Days
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January 28, 2015
16:35 EDTORBATK 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.
January 27, 2015
10:34 EDTORBATK holders approve issuance of shares to Orbital
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January 26, 2015
08:01 EDTORBOrbital 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 EDTORBOrbital to host special shareholder meeting
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