ATK announced that it completed the acquisition of Bushnell Group Holdings, a global designer, marketer and distributor of branded sports optics, outdoor accessories and performance eyewear. Under the terms of the transaction, ATK paid $985M in cash, subject to customary post-closing adjustments. Bushnell's projected sales for calendar year 2013 are approximately $600M . ATK expects the acquisition to result in FY14 earnings per share dilution due to the stub period, transaction expenses and purchase accounting. ATK also expects the acquisition to be accretive to EPS in FY15, including impacts associated with transition expenses, and estimates FY16 EPS accretion of approximately $1.00.
- Mergers, Acquisitions & Takeovers