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Orbital Sciences Closes Merger with ATK’s Aerospace, Defense Groups

rocket-launchOrbital Sciences (NYSE: ORB) has completed its merger with the aerospace and defense groups of ATK (NYSE: ATK) to create a new company that will operate as Orbital ATK.

Orbital ATK will start “regular-way” trading on the New York Stock Exchange Tuesday under the ticker symbol “OA, ” Orbital and ATK said Tuesday.

In conjunction, ATK has completed the spinoff of its sporting group business into a new company known as Vista Outdoor, which will also start “regular-way” trading on the NYSE Tuesday under the ticker symbol “VSTO.”

ATK stockholders received two shares of Vista Outdoor common stock for every share of ATK common stock held as of Feb. 2, while Orbital stockholders received 0.449 shares of Orbital ATK common stock for every one share of Orbital common stock.

Previous coverage of transaction on GovCon Wire

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