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.
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Ultralife to Be Acquired by EnerSys for $16 Per Share in Cash
Ultralife agreed to be acquired by EnerSys through a tender offer followed by a merger. Stockholders holding approximately 40.3% of Ultralife’s outstanding shares agreed to tender their shares and support the deal.
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.