Hello, Guest!

FTC Seeks Additional Data on Northrop-Orbital ATK Deal


The Federal Trade Commission has issued Northrop Grumman (NYSE: NOC) a second request for additional data associated with its proposed $9.2 billion acquisition of Orbital ATK (NYSE: OA).

Northrop said Wednesday it received the request as FTC reviews the transaction as part of the regulatory process.

The request for additional information came a week after Orbital ATK shareholders voted to approve the merger.

Northrop will pay $7.8 billion in cash and assume $1.4 billion in net debt from Orbital ATK under the deal originally announced in September.

Northrop said it expects to close the transaction in the first half of 2018.

Video of the Day

Related Articles