Browsing Tag
US Securities and Exchange Commission
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EnerSys targets $20m in savings from $320m Ultralife deal as tender deadline approaches
EnerSys has launched its $16-per-share cash tender offer for Ultralife Corporation, pursuing a $320 million acquisition designed to expand its defence battery and specialised power systems business. The buyer expects $15 million to $20 million in annual cost savings, a significant target relative to Ultralife's existing earnings, while regulatory clearances and shareholder participation remain outstanding.
November 1, 2026