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Northrop Grumman Deal For Orbital ATK On Track After Shareholder Vote

Cal Biesecker By
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Northrop Grumman Deal For Orbital ATK On Track After Shareholder Vote
An Orbital ATK Antares launch vehicle lifts off from Wallops Island, Va. Photo: Orbital ATK

Orbital ATK’s [OA] stockholders on Wednesday voted in favor of their company’s being acquired by Northrop Grumman [NOC], keeping the pending deal on track for a close in the first half of 2018.The nearly $8 billion acquisition still must receive regulatory approvals.Orbital ATK said that holders of more than 99 percent of the company’s common stock voted in favor of the transaction.“The acquisition of Orbital ATK by Northrop Grumman creates substantial value for our stockholders and enhances our capability to…

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