EnerSys to Acquire Ultralife Corporation in $320 Million All-Cash Deal
EnerSys (ENS) has entered into a definitive agreement to acquire Ultralife Corporation (ULBI) for approximately $320 million in an all-cash transaction. The deal includes the assumption of Ultralife's net debt and offers shareholders $16 per share. The acquisition represents a significant 166% premium over Ultralife's recent closing share price. This strategic move is expected to consolidate market position through the integration of Ultralife's specialized power solutions into EnerSys's existing portfolio.
Topics: Cash Acquisition Corporate Restructuring M&A
Read the full article at Seeking Alpha
Part of the story Thrive Holdings Acquires ADT in $15.3 Billion Deal to Build AI-Driven Smart Home Security (5 articles)