EnerSys to Acquire Ultralife for $16 a Share in Cash
EnerSys agreed to acquire Ultralife for $16.00 per share in cash, a 166% premium to Ultralife’s unaffected October 26 close. The deal has an enterprise value of about $320 million.
EnerSys NYSE:ENS agreed to acquire Ultralife NASDAQ:ULBI, a maker of batteries for military communications and other specialized applications, for $16.00 a share in cash, a 166% premium to Ultralifes unaffected close on October 26. The deal carries an enterprise value of about $320 million. Ultrali…