EnerSys Agrees to Buy Ultralife in $320 Million Cash Deal
EnerSys agreed to acquire Ultralife for $16 a share in cash, valuing the deal at about $320 million, including assumed debt. The companies said the transaction supports EnerSys’ strategy to build a broader defense power platform.
By Josh BeckermanEnerSys agreed to buy Ultralife for more than double Ultralife's Tuesday closing stock price, expecting the deal will help its strategy "to build a broader, more differentiated defense power platform."The $16-a-share cash deal is valued at about $320 million, including assumed debt…