SAN DIEGO, Sept. 18, 2017 /PRNewswire/ -- Shareholder rights
law firm Johnson Fistel, LLP has launched an investigation into
whether the board members of Orbital ATK, Inc. (NYSE: OA)
("Orbital") breached their fiduciary duties in connection with the
proposed sale of the Company to Northrop Grumman Corporation (NYSE:
NOC) ("Northrop Grumman"). Orbital develops and produces aerospace,
defense, and aviation-related products for the U.S. Government,
allied nations, prime contractors, and other customers in
the United States and
internationally.
On September 18, 2017, Orbital
announced that it had signed a definitive merger agreement with
Northrop Grumman. Terms of the deal call for shareholders to
receive $134.50 per share for each
share of Orbital stock they own.
The investigation concerns whether the Orbital board failed to
satisfy its duties to the Company shareholders, including whether
the board adequately pursued alternatives to the acquisition and
whether the board obtained the best price possible for Orbital
shares of common stock.
If you are a shareholder of Orbital and believe the proposed
buyout price is too low or you're interested in learning more about
the investigation or your legal rights and remedies, please contact
lead analyst Jim Baker
(jimb@johnsonfistel.com) at 619-814-4471. If emailing, please
include a phone number.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonfistel.com. Attorney advertising. Past results do
not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
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content:http://www.prnewswire.com/news-releases/orbital-oa-alert-johnson-fistel-investigates-proposed-sale-of-orbital-atk-inc-is-13450-a-fair-price-300521080.html
SOURCE Johnson Fistel, LLP