Alliant Techsystems Inc. (ATK) completed the previously announced tax-free spin-off of its Sporting Group business to ATK stockholders as a newly formed company named Vista Outdoor Inc.
Vista Outdoor will begin “regular-way” trading under the symbol “VSTO” on the New York Stock Exchange Tuesday, Feb. 10, when markets open.
Morgan Stanley and BofA Merrill Lynch served as financial advisors and Cravath, Swaine & Moore LLP acted as legal advisor to ATK and Vista Outdoor in connection with these transactions. Citigroup served as financial advisor and Hogan Lovells US LLP acted as legal advisor to Orbital.
Vista Outdoor operates in two segments, Outdoor Products and Shooting Sports, and has more than 30 well-recognized brands in the ammunition, firearms and outdoor accessories categories. Vista Outdoor is headquartered in Utah and has manufacturing operations and facilities in 10 U.S. States, Puerto Rico, Mexico and Canada along with international sales and sourcing operations in Mexico, Canada, Europe, Australia, New Zealand and Asia.
