MINNEAPOLIS --- ATK today announced the pricing of a secondary public offering of 3,048,780 shares of its common stock at a purchase price of $77.65 per share. All of the shares are to be sold by Blount International, Inc. in connection with ATK's acquisition of Blount's ammunition business. In addition, ATK has granted the underwriters an option to purchase an additional 457,317 shares of common stock to cover over-allotments if any.
Lehman Brothers is acting as lead manager of the offering. Credit Suisse First Boston is acting as co-manager. The offering is expected to close on Dec. 7, 2001. Only the prospectus makes the offering. Copies of the prospectus may be obtained in any state or jurisdiction from the underwriters or other dealers or brokers as may lawfully offer these securities in such state or jurisdiction.
A registration statement relating to these securities has been filed with and declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
ATK is a $1.6 billion aerospace and defense company with leading positions in propulsion, composite structures, munitions, and precision capabilities. The company, which is headquartered in Hopkins, Minn., employs approximately 9,400 people and has two business segments: Aerospace and Defense.
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ATK Announces Acquisition of Ammunition Business of Blount International, Declared Effective By SEC
