Distribution Ratio Set For Vista Outdoor By Alliant Techsystems

Alliant Techsystems(ATK) has taken another step forward towards its spinoff of Vista Outdoor and subsequent merger with Orbital Sciences(ORB).  The transaction, which is back on track after a delay caused by the fiery explosion of an Orbital Sciences Antares rocket, is now expected to be completed on February 9.  ATK shareholders will receive two shares of Vista Outdoor, which will trade under the ticker VSTO, for each share of ATK that they own.  No record date has yet been set.

ATK and Orbital Sciences will both be holding special shareholder meetings to vote on the transaction on January 27. It is expected that Vista Outdoor will begin trading on a when-issued basis on January 29.

Vista Outdoor will be headquartered in Utah, an outdoor recreation hub for manufacturers and recreational-equipment suppliers to the outdoor industry. The company will have approximately 5,800 employees across the U.S. and internationally. The company’s widely known and respected brands include: Federal Premium, Bushnell, Savage Arms, BLACKHAWK!, Primos, Final Approach, Uncle Mike’s, Hoppe’s, RCBS, Alliant Powder, CCI, Speer, Champion Targets, Gold Tip Arrows, Weaver Optics, Outers, Bollé, Cébé, and Serengeti.

Vista’s latest form 10 filing, dated December 22, 2014, can be found here.

Disclosure: The author holds no position in any stock mentioned