EnerSys to Acquire Ultralife for $320 Million
Ultralife shares surged 146% to $15.65 after EnerSys said it will acquire the battery systems company.
By Kit NortonShares of Ultralife were on pace for their best trading day ever after defense company EnerSys said it will be acquiring the battery systems company for $320 million.Ultralife stock surged 146% to $15.65 on Wednesday and was easily on pace for largest ever daily percentage gain on reco…