Orbital ATK-Northrop deal advances

By Marjorie Censer / November 29, 2017 at 10:26 AM

Orbital ATK said its stockholders today approved its proposed acquisition by Northrop Grumman at a special meeting.

"Holders of more than 99 percent of Orbital ATK's common stock present at the meeting or represented by proxy voted in favor of approving and adopting the merger agreement, which represented approximately 79 percent of the total number of outstanding shares of Orbital ATK's common stock as of the October 10, 2017 record date for the special meeting," the company said.

Orbital ATK said it expects the deal to close in the first half of next year, "pending receipt of regulatory approvals."