Orbital ATK stockholders vote for merger with Northrop
DULLES, Va. Orbital ATK reports its stockholders have overwhelmingly approved a merger agreement providing for the proposed acquisition of Orbital ATK by Northrop Grumman Corporation.
Holders of more than 99 percent of Orbital ATK's common stock were present at a special meeting Wednesday or represented by proxy. Those voting in favor of the merger agreement represented approximately 79 percent of the total outstanding shares of Orbital ATK's common stock as of the Oct. 10, record date.
Northrop Grumman continues to expect the acquisition to close in the first half of 2018 after receiving regulatory approvals.
Northrop Grumman is a global security company providing systems, products and solutions in autonomous systems, cyber, C4ISR, strike, and logistics and modernization to customers worldwide. Orbital is involved in aerospace and defense technologies.