- Ammunition maker Alliant Techsystems (ATK) agrees to acquire Bushnell Group Holdings for $985M in cash.
- Bushnell makes branded sports optics, outdoor accessories and performance eyewear; its projected 2013 sales are ~$600M.
- ATK expects the acquisition to result in FY 2014 EPS dilution but should be accretive to EPS in its first full year of operations (FY 2015), and estimates 2016 accretion of ~$1/share.
Alliant Techsystems to buy Bushnell Group for $985M
Sep 5 2013, 07:45 ET