Actionable Opportunities in Special Situations: Spinoffs, Bankruptcy, Restructurings

Spin-Off

Orbital Sciences (ORB) expects spinoff by January 2015

Orbital Sciences Corporation (NYSE: ORB) announced today that it has set 12/9 as the date for the special meeting of its stockholders to adopt the transaction agreement with Alliant Techsystems  (NYSE: ATK), whereby Orbital and ATK’s Aerospace and Defense Groups will merge immediately following the spin-off of ATK’s Sporting Group business to ATK stockholders as a newly formed company called Vista Outdoor Inc. Orbital stockholders. The transaction is expected to close by the end of 2014 or in January 2015 Source: Filing

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