ATK Puts Up $985M For Bushnell In Latest Sport-Shooting Buy

Law360, New York (September 5, 2013, 1:18 PM EDT) -- Defense product maker Alliant Techsystems Inc. will pay $985 million for private equity-backed Bushnell Outdoor Products Inc., closing out a lengthy sale process and giving a boost to its growing commercial shooting sports segment, it said on Thursday.

The price tag attached to the deal clocks in just below the $1 billion estimate given in several reports last month that suggested MidOcean Partners and ATK were closing in on an agreement. The Virginia company said it would cover its purchase using a mix of on-hand cash,...
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