Investor in Orbital Sciences Corp (NYSE:ORB) files Lawsuit filed to Halt the Takeover

The Shareholders Foundation announces that an investor, who currently holds shares of Orbital Sciences Corp (NYSE:ORB) filed a lawsuit in effort to halt the takeover of Orbital Sciences Corp by Alliant Techsystems Inc.

Investors who purchased shares of Orbital Sciences Corp (NYSE:ORB) and currently hold any of those NYSE:ORB shares have certain options and should contact the Shareholders Foundation at mail(at) or call +1(858) 779 – 1554.

The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE:ORB stockholders by agreeing to sell Orbital Sciences Corp too cheaply via an unfair process to Alliant Techsystems Inc.

On 29 April 2014, Orbital Sciences Corp (NYSE:ORB) announced that it has entered into an agreement with Alliant Techsystems Inc. (NYSE: ATK), which will combine Orbital Sciences Corp and Alliant Techsystems Inc’s Aerospace and Defense (A&D) Groups.

However, the plaintiff claims that the offer is too low and undervalues Orbital Sciences Corp. Indeed, at least one analyst has set the high target price for NYSE:ORB shares at $42.00 per share. While Orbital Sciences Corp reported that its annual Total Revenue declined from over $1.43 billion in 2012 to over $1.36 billion in 2013, its respective Net Income increased from $61.01 million to $68.37 million.

Shares of Orbital Sciences Corp (NYSE:ORB) grew from $10.72 per share in June 2012 to as high as $28.69 per share in April 2014.

On June 2, 2104, NYSE:ORB shares closed at $26.33 per share.

Those who are current investors in Orbital Sciences Corp shares have certain options and should contact the Shareholders Foundation.

Shareholders Foundation, Inc.
Joelle Day
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739