Alliant Techsystems Inc said it would merge its aerospace and defense business with Orbital Sciences Corp in stock. Alliant Techsystems said its shareholders will own about 53.8 percent of the combined company, with Orbital shareholders holding the rest.
Alliant Techsystems Inc. (ATK) is an aerospace, defense, and commercial products company that operates in 22 states, Puerto Rico, and internationally. Shares of ATK fell by 0.04% or $-0.05/share to $138.82. In the past year, the shares have traded as low as $72.65 and as high as $147.84. On average, 405985 shares of ATK exchange hands on a given day and today's volume is recorded at 174332.
Orbital Sciences Corporation develops and manufactures small- and medium-class rockets and space systems for commercial, military and civil government customers, including the United States Department of Defense (DoD), the National Aeronautics and Space Administration (NASA) and other United States Government agencies. Shares of ORB fell by 1.96% or $-0.53/share to $26.57. In the past year, the shares have traded as low as $17.03 and as high as $29.41. On average, 365335 shares of ORB exchange hands on a given day and today's volume is recorded at 274767.
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