ATK to buy Bushnell Group for $985 million

Alliant Techsystems Inc , the world's largest ammunition maker, said it would buy Bushnell Group Holdings Inc for $985 million in cash.

Alliant expects the deal to close in the third or fourth quarter of its fiscal year ending March 2014.

(Reporting by Sagarika Jaisinghani in Bangalore; Editing by Saumyadeb Chakrabarty)