Northrop Grumman to acquire Orbital ATK

Northrop Grumman will acquire Orbital ATK in a $9.2 billion deal announced Sept. 18 that will give the combined company complementary capabilities in space and defense systems. Under the terms of the deal, Northrop Grumman will pay $7.8 billion in cash and assume $1.4 billion in debt to acquire Orbital ATK. Northrop Grumman is paying $134.50 per share of Orbital ATK stock, a premium of more than 20 percent over the stock’s price of $110 per share at the close of trading Sept. 15. News of the deal was first reported Sept. 17 by the Wall Street Journal. More

(Source: SpaceNews - Sep 19)