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Filing in Focus: Alliant Techsystems Inc. 8-K, November 4, 2013
Alliant Techsystems Inc. (ATK) just announced it completed the acquisition of Bushnell Group Holdings Inc. in a $985M cash purchase on November 1, 2013. The initiation of the deal started in September when the companies announced the agreement. ATK will integrate Bushnell into its Sporting Group, increasing its accessories business. The Bushnell acquisition is expected to dilute ATK earnings per share this year but projects accretive earnings per share beginning in fiscal 2014. With the addition of Bushnell, the ATK Sporting Group will earn roughly 45% of the company’s revenue. ATK President and CEO Mark DeYoung commented that the Bushnell acquisition and first-quarter acquisition of Savage Sports will improve the diversity and depth of ATK’s offerings.