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Article: Alliant Technologies, Olin sign exchange agreement. (Alliant TechSystems Inc.; Olin Corp.)
- Article from:
- Fairfield County Business Journal
- Article date:
- August 17, 1992
CopyrightCOPYRIGHT 1992 Westfair Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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STAMFORD -- Alliant Techsystems of Minneapolis and Olin Corp. have signed a definitive agreement for the exchange of Olin's Ordnance Division and Physics International Co., including approximately $65 million in debt, for 2.82 million shares of Alliant Techsystems common stock.
The transaction is subject to certain conditions, including third-party consents, the expiration or termination of all waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act, and approval by Alliant Techsystems shareholders at the company's annual meeting Nov. 24.
Toby G. Warson, Alliant Techsystems president and chief executive officer, said the signing of the ...