$320MStrategic acquisitionIndustrials & Manufacturing
EnerSys to buy Ultralife at a 166% premium, $320M enterprise value
EnerSys agreed to acquire battery maker Ultralife for $16.00 per share in cash, a 166% premium to its unaffected October 26 close, valuing the company at about $320 million in enterprise value. The deal expands EnerSys's differentiated battery technologies and accelerates growth in the defense market.
Why it matters: The eye-catching premium signals how much EnerSys values defense-grade battery capabilities.
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