Department of Justice clears proposed ATK, Orbital merger
The Department of Justice (DOJ) has cleared a proposed merger between Arlington-based Alliant Techsystems Inc. (ATK) and Dulles-based Orbital Sciences Corp., the companies announced earlier this week.
In April, ATK and Orbital announced plans to merge ATK’s Aerospace and Defense Groups into Orbital after ATK spins off its sporting group. The transaction is expected to be completed in February 2015. It is subject to closing conditions, including the approval of both companies’ stockholders.
ATK and Orbital said in a news release that the Federal Trade Commission and DOJ terminated the Hart-Scott-Rodino waiting period, effective Dec. 4. The Hart-Scott-Rodino Act says the FTC and DOJ must be informed about large mergers and acquisitions before they happen.