EnerSys to Acquire Ultralife for $320 Million
Ultralife shares surged 146% to $15.65 after EnerSys said it will acquire the battery systems company.
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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.