INVESTOR ALERT: The Law Office of Jack Stuart Beige & Associates, P.C. Announces Investigation of Orbital Sciences Corporation Buyout Proposal
SMITHTOWN, NY, May 7, 2014:
The Law Office of Jack Stuart Beige & Associates, P.C. announces that it is investigating the Board of Directors of Orbital Sciences Corporation (“Orbital”) (NYSE: ORB) for possible breaches of fiduciary duties and other violations of law in connection with Orbital’s agreement to be acquired by Alliant Techsystems, Inc. (“Alliant”)(NYSE: ATK).
Under the terms of the agreement, public shareholders of Orbital would receive 0.449 shares of Alliant common stock for each share of Orbital they own.
The investigation concerns whether Orbital’s Board of Directors breached its fiduciary duties to stockholders, whether the proposed consideration to be paid to Orbital’s stockholders would be fair and adequate, and whether Orbital is acting in its stockholders’ best interests.