Author: Jane Edwards|| Date Published: November 30, 2017
Shareholders at Orbital ATK (NYSE: OA) have approved a deal for Northrop Grumman (NYSE: NOC) to acquire the Dulles, Virginia-based aerospace and defense contractor in an estimated $9.2 billion transaction.
Holders of at least 99 percent of shares in Orbital ATK voted to approve the merger during the Wednesday meeting, the company said Wednesday.
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.
The transaction represented approximately 79 percent of Orbital ATK™s total outstanding shares as of Oct. 10.
David Thompson, president and CEO at Orbital ATK, said the merger seeks to advance technology innovation and product development in support of clients™ missions, provide career opportunities to employees and create value for stockholders.
Orbital ATK expects to close the transaction in the first half of 2018, subject to regulatory approvals.
Brian Meyer, federal field chief technology officer at Axonius Federal, said cybersecurity asset management could help government agencies make dozens…
“Technology transformation company Red River has acquired Invictus International Consulting to expand its cybersecurity and enterprise modernization capabilities to support…
Synergy ECP, a software engineering, cybersecurity and systems engineering services provider, has acquired NetServices, a company offering secure, mission-focused technology services. The…
Precision Aerospace & Defense Group and FACT II Acquisition, a special purpose acquisition company, have signed a definitive business combination agreement to…
LMI has announced the acquisition of intellectual property and advanced capabilities to broaden its in-transit visibility and asset tracking services for…
Shareholders at Orbital ATK (NYSE: OA) have approved a deal for Northrop Grumman (NYSE: NOC) to acquire the Dulles, Virginia-based aerospace and defense contractor in an estimated $9.2 billion transaction.
