Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



ATK Completes $985 Million Acquisition of Bushnell

ARLINGTON, Va. (AP) -- Alliant Techsystems said Monday that it has completed a $985 million acquisition of Bushnell Group Holdings, which makes binoculars and riflescopes.

Alliant Techsystems, which is known as ATK, is an Arlington, Va.-based aerospace and defense contractor. The deal was originally announced in September. It is buying Bushnell from private equity firm MidOcean Partners.

Bushnell, which is based in Overland Park, Kan., is expected to post revenue of $600 million for the year. ATK expects the deal to add earnings of $1 per share in the 2016 fiscal year.

ATK will integrate Bushnell into its sporting group business, which makes ammunition and shooting accessories for law enforcement and sporting.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2711946, ~/Articles/ArticleHandler.aspx, 11/26/2015 10:05:41 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Associated Press

Today's Market

updated 11 hours ago Sponsored by:
DOW 17,813.39 1.20 0.00%
S&P 500 2,088.87 -0.27 0.00%
NASD 5,116.14 0.00 0.00%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes