EnerSys to Acquire Ultralife in $320 Million All-Cash Deal

Ultralife agreed to be acquired by EnerSys for $16.00 per share in cash, valuing the deal at approximately $320M including net debt. A tender offer will be launched; closing is expected in Q1 2027, subject to customary conditions.Material DetailsContext by AI AnalystThis is a late-stage confirmatio…

ENERSYS: PROPOSED DEAL VALUED AT ABOUT $320 MLN, INCLUDING ASSUMPTION OF NET DEBT

By Josh BeckermanUltralife shares more than doubled after hours as the company agreed to be sold to EnerSys at a significant premium.Shares were recently up 144% after hours to $15.51, compared with the deal price of $16 a share.The all-cash transaction is valued at about $320 million including ass…

Accelerates EnerSys’ growth in mission-critical defense applications particularly high growth drone