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FTC Seeks Additional Data on Northrop-Orbital ATK Deal

Jane Edwards December 7, 2017 M&A Activity, News

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.

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