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Alliant Techsystems Inc To Acquire Caliber Company, Parent Company Of Savage Sports Corporation

Monday, 13 May 2013 07:00am EDT 

Alliant Techsystems Inc announced that it has entered into an agreement to acquire Caliber Company, the parent company of Savage Sports Corporation. Savage is manufacturers of hunting rifles and shotguns, delivering products for more than 100 years. ATK anticipates closing the transaction in the first quarter of its Fiscal Year 2014 (FY14), which ends June 30, 2013. Under the terms of the transaction, ATK will pay $315 million in cash, subject to a customary working capital adjustment. ATK will finance the acquisition with cash on hand and funds available under its existing credit facility. ATK will integrate Savage within its Sporting Group business 

Company Quote

-0.24 -0.18%
22 Oct 2014