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,...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.