EnerSys agrees to acquire Ultralife for $320 million
Bitget2026/10/27 20:27- EnerSys will acquire Ultralife for approximately $320 million in cash, including assumed net debt.
- The $16-per-share offer represents a 166% premium to the October 26, 2026, closing price.
- EnerSys plans to fund the purchase with cash on hand, with closing expected in the first quarter of 2027.
- The acquisition will expand EnerSys' defense power portfolio, adding battery technologies and manufacturing capacity.
- Completion requires a majority of outstanding common shares to be tendered; the shares will then cease trading publicly.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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