MT Newswires Live02:51
Ultralife (ULBI) shares rose nearly 146% on Wednesday, a day after EnerSys (ENS) said it will acquire the battery manufacturer for $16 per share in cash, representing an enterprise value of $320 million.
The transaction is expected to close in Q1 2027, subject to closing conditions, EnerSys said.
Price: 15.63, Change: +9.27, Percent Change: +145.68
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