ATK close to deal with gun accessory maker Bushnell - sources
Firearm & Gun Forum - FireArmsTalk.com > General Discussion Forums > The Club House > ATK close to deal with gun accessory maker Bushnell - sources

Reply
 
LinkBack Thread Tools Display Modes
Old 08-05-2013, 10:27 PM   #1
Coffee! If your not shaking, you need another cup
FTF_SUPPORTER.png
Feedback Score: 0 reviews
 
Bigcountry02's Avatar
 
Join Date: Jan 2009
Location: Southwest
Posts: 6,347
Liked 1886 Times on 1092 Posts
Likes Given: 3888

Default ATK close to deal with gun accessory maker Bushnell - sources

Found on the gunwire site: http://thegunwire.com/

Exclusive: ATK close to deal with gun accessory maker Bushnell - sources

http://www.baltimoresun.com/business/sns-rt-us-atk-bushnell-20130805,0,5691369.story

(Reuters) - Aerospace and defense products supplier Alliant Techsystems Inc is in advanced talks to buy Bushnell Outdoor Products Inc in a deal that could value the gun accessory maker at around $1 billion, two sources familiar with the matter said on Monday.

A deal for Bushnell, owned by private equity firm MidOcean Partners, comes amid pressure on private equity firms to review investments in gun-related companies following the fatal shooting last December of 26 people at a school in Newtown, Connecticut.

The people said, however, that MidOcean's desire to sell Bushnell was not influenced by those considerations.

The people asked not to be identified because the matter is confidential. They cautioned that a deal has not yet been finalized and negotiations could still fall apart.

MidOcean Partners declined to comment, while ATK and Bushnell did not immediately respond to requests for comment.

Bushnell hired Morgan Stanley and Robert W. Baird to shop the company, other people familiar with the matter told Reuters in February.

Founded in 1948, Overland Park, Kansas-based Bushnell makes accessories such as binoculars, telescopes, night vision equipment and GPS devices for sports like hunting and fishing. Its brands include Butler Creek, Final Approach, Hoppe's, Millett, Night Optics, Primos, Simmons, Stoney Point, Tasco and Uncle Mike's.

Freedom Group, whose AR-15-type Bushmaster rifle was used in the Newtown shootings, was put up for sale by its private equity backer Cerberus Capital Management just days after the shootings after coming under investor pressure.

Bushnell was acquired by MidOcean in 2007 from private equity firm Wind Point Partners. Last April, Bushnell acquired Primos Hunting, a hunting products maker.

__________________
Bigcountry02 is offline  
 
Reply With Quote

Join FirearmsTalk.com Today - It's Free!

Are you a firearms enthusiast? Then we hope you will join the community. You will gain access to post, create threads, private message, upload images, join groups and more.

Firearms Talk is owned and operated by fellow firearms enthusiasts. We strive to offer a non-commercial community to learn and share information.

Join FirearmsTalk.com Today! - Click Here


Old 08-05-2013, 11:30 PM   #2
FTF_SUPPORTER.png
Feedback Score: 0 reviews
 
DFlynt's Avatar
 
Join Date: Jan 2013
Location: Festus, Missouri
Posts: 3,040
Liked 1786 Times on 1170 Posts
Likes Given: 1538

Default

Interesting ATK also just bought Savage.

__________________

“Somebody has to speak for these people. Y'all got on this boat for different reasons, but y'all come to the same place. So now I'm asking more of you than I have before. Maybe all. Sure as I know anything, I know this—they will try again. Maybe on another world, maybe on this very ground swept clean. A year from now, ten? They'll swing back to the belief that they can make people...better. And I do not hold to that. So no more runnin'. I aim to misbehave.” Mal Reynolds Serenity/Firefly

DFlynt is offline  
 
Reply With Quote
Reply

Thread Tools
Display Modes


Similar Threads
Thread Thread Starter Firearms Forum Replies Last Post
Best Sources for AK & SKS accessories? Seerstone AK & SKS Discussion 2 07-18-2012 01:57 AM
Component sources ktmboyz Ammunition & Reloading 4 05-02-2012 04:17 AM
ammunition sources barchetta365 Ammunition & Reloading 12 02-06-2011 03:57 AM
Sources TexasPatriot Legal and Activism 0 12-01-2010 02:48 AM
looking for sources curly45 General Rifle Discussion 1 09-04-2009 09:55 PM