Orbital Sciences Corp. Merger Litigation (NYSE: ORB)
SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of Orbital Sciences Corp.- ORB
BALA CYNWYD, April 29, 2014 /PR Newswire/ –Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Orbital Sciences Corp. (“Orbital” or the “Company”) (NYSE –ORB-News) relating to the proposed merger with Alliant Techsystems, Inc.(“ATK”).
Under the terms of the transaction, ATK will first spin-off its valuable Outdoor Sports Group. Following the spin-off, Orbital shareholders will receive only 0.449 shares of the remaining assets of ATK for each share of Orbital stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Orbital for not acting in the Company’s shareholders' best interests in connection with the merger. The transaction may undervalue Orbital as the Company stock have risen over 70% in the last year as a reflection of the Company’s success in launching unmanned supply ships to the International Space Station. In addition, following the merger the co-founder of Orbital will serve as the President and CEO of the merged company.
If you own shares of Orbital common stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and case action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
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