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David Thompson: Orbital, ATK Set Feb. 9 Date to Close A&D Merger and Outdoor Group Spinoff

David Thompson
David Thompson

Both sets of stockholders Orbital Sciences (NYSE: ORB) and ATK (NYSE: ATK) voted Tuesday to approve the transaction that will see Orbital merge with ATK’s aerospace and defense groups.

The merger is scheduled to close Feb. 9 and the combined company will trade as Orbital ATK under the stock ticker symbol “OA” on the New York Stock Exchange the next day, Orbital said Tuesday.

“We are now on a clear path to completing the merger and beginning operations of Orbital ATK two weeks from today, ” said David Thompson, Orbital CEO.

The Justice Department cleared the merger in December, one month after the companies delayed the shareholder votes from that month to January 2015 after the Antares rocket launch explosion.

ATK will spinoff its sporting group into a company that will operate as Vista Outdoor for the second component of the two-part transaction.

Vista Outdoor will trade on the New York Stock Exchange under the ticker symbol “VSTO” on Feb. 10.

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