Subscribe free to our newsletters via your
. 24/7 Space News .




SPACEMART
Orbital Stockholders Approve ATK Division Merger
by Staff Writers
Dulles VA (SPX) Jan 28, 2015


File image.

Orbital Sciences has announced that at a special meeting held this morning, the company's stockholders voted overwhelmingly to approve the proposed merger with the Aerospace and Defense Groups of Alliant Techsystems, pursuant to the definitive transaction agreement dated April 28, 2014.

Approximately 99% of the votes cast at the special meeting voted in favor of the adoption of the transaction agreement, which represented approximately 85% of the total number of outstanding shares of Orbital common stock as of the December 16, 2014 record date for the special meeting.

"Today, Orbital's stockholders endorsed the proposed merger with ATK's Aerospace and Defense Groups by voting strongly in favor of the transaction, as did ATK shareholders at a separate special meeting also held earlier today," said Mr. David W. Thompson, Orbital's Chairman and Chief Executive Officer.

"We are now on a clear path to completing the merger and beginning operations of Orbital ATK two weeks from today."

Subject to the satisfaction or waiver of the remaining conditions to closing, the merger is expected to close on Monday, February 9, 2015.

Assuming completion of the merger, shares of Orbital common stock are expected to be delisted after the close of trading on February 9. As a result of the merger, each share of Orbital common stock will be converted into the right to receive 0.449 shares of common stock of ATK, with cash paid in lieu of fractional shares.

At closing of the merger, ATK will be renamed Orbital ATK, Inc. and shares of Orbital ATK common stock will trade under the new ticker symbol "OA" on the New York Stock Exchange beginning February 10.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Orbital
The latest information about the Commercial Satellite Industry






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





SPACEMART
SpaceBillboard, the first billboard in Space ready for launch
Leuven, Belgium (SPX) Jan 28, 2015
SpaceBillboard, a supporter of innovative space research, is set to launch the world's first billboard in space in a milestone that marks the increasing importance of CubeSats in Space Exploration. Researchers at KU Leuven University in Belgium came up with the novel idea of launching a real billboard into space to help fund their research on a new line up of NexGen satellites called CubeSats. ... read more


SPACEMART
Service Module of Chinese Probe Enters Lunar Orbit

Service module of China's lunar orbiter enters 127-minute orbit

Chinese spacecraft to return to moon's orbit

Russian Company Proposes to Build Lunar Base

SPACEMART
Helicopter Could be 'Scout' for Mars Rovers

Hilltop Panorama Marks Mars Rover's 11th Anniversary

Mysteries in Nili Fossae

NASA, Microsoft Collaboration Will Allow Scientists to 'Work on Mars'

SPACEMART
NASA, Boeing, SpaceX Outline Objectives to ISS Flights

Boeing will be first to carry US astronauts to space

Sailing spacecraft LightSail to harness power of solar wind

Virgin Galactic Appoints Mark Stucky as Pilot

SPACEMART
More Astronauts for China

China launches the FY-2 08 meteorological satellite successfully

China's Long March puts satellite in orbit on 200th launch

Countdown to China's new space programs begins

SPACEMART
NASA's CATS Installed on ISS by Robotic Handoff

Roscosmos, NASA Still Planning on Sending Men Into Space

Russian Cargo Spacecraft to Supply ISS With Black Caviar

Astronauts' year-long mission will test limits

SPACEMART
Soyuz Installed at Baikonur, Expected to Launch Wednesday

SpaceX releases animation of heavy-lift Falcon rocket

NASA TV Coverage Reset for Launch of Newest Earth-Observing Mission

Japan delays launch of satellite due to weather

SPACEMART
Dawn ahead!

Kepler astronomers discover ancient star with 5 Earth-size planets

Ancient star system has Earth-sized planets forming near start of universe

Gigantic ring system around J1407b much larger, heavier than Saturn's

SPACEMART
How ionic: Scaffolding is in charge of calcium carbonate crystals

Graphene edges can be tailor-made

The laser pulse that gets shorter all by itself

Eyeglasses that turn into sunglasses - at your command




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.