Ultralife Corp stock skyrocketed more than 145% on Wednesday after EnerSys announced an agreement to acquire the energy storage solutions provider in an all-cash deal valued at approximately $320 million, including assumed net debt.
Under the agreement, announced after Tuesday's market close, EnerSys will pay $16 per share for Ultralife, representing a 166% premium to the stock's unaffected closing price on October 26, 2026. EnerSys plans to finance the acquisition entirely with cash on hand, with the transaction expected to close in the first quarter of 2027, subject to regulatory approvals.
https://breakingthenews.net/Article/Ultralife-skyrockets-145-after-buyout-news/67422785
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