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.

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