NEW YORK, April 30, 2014 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Orbital Sciences Corp. ("Orbital Sciences" or the "Company") (NYSE: ORB) concerning the proposed acquisition of the Company by Alliant Techsystems, Inc. ("Alliant").
Under the terms of the proposed transaction, Orbital Sciences shareholders will receive 0.449 shares of Alliant for each share of Orbital Sciences, but only after Alliant has spun-off a valuable part of its business.
Our investigation concerns whether the Orbital Sciences board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company shareholders.
If you own Orbital Sciences shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Benjamin I. Sachs-Michaels, Esq. Robert I. Harwood, Esq. Harwood Feffer LLP 488 Madison Avenue New York, New York 10022 Phone Numbers: (877) 935-7400 (212)935-7400 Email: [email protected] Website: http://www.hfesq.com
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.