M&A/Tender offer/2026/Ultralife Corporation

Ultralife Corporation ULBI

EnerSys is buying Ultralife Corporation (ULBI) for $16.00 cash a share. Designs and manufactures batteries, power supplies and power communications products for industrial, defense and mission-critical applications.

Holders get
$16.00 cash
Deal value
Not given
Expected close
Not given
Status
Pending
Checked
See the filing →

Filed

The deal

EnerSys is buying Ultralife Corporation, which designs and manufactures batteries, power supplies and power communications products for industrial, defense and mission-critical applications. Stockholders will receive $16.00 in cash per share, a 166% premium over the closing price of $6.01 the last full trading day prior to the announcement of the Company's entry into the Merger Agreement on October 26, 2026.

The deal is expected to close as soon as practicable following the consummation of the Offer. First, the HSR Act waiting period must expire, holders must tender at least one Share more than 50% of outstanding Shares, and there must be no legal restraints or Company Material Adverse Effect.

What has happened

Agreement signed · Ultralife Corporation entered into an Agreement and Plan of Merger with EnerSys and its subsidiary, with holders to receive $16.00 per share in cash. · See the filing
The board answered the offer

What must happen first

HSR Act waiting period expiry
Minimum Condition of tendered shares representing at least one Share more than 50% of outstanding Shares
no legal restraints
no Company Material Adverse Effect

The board says

unanimously recommends that stockholders accept the Offer and tender their Shares pursuant to the Offer