EnerSys (ENS) Form 8-K — Oct 27, 2026
EnerSys entered into a definitive merger agreement on October 27, 2026 to acquire Ultralife Corporation in a two-step cash transaction: a tender offer at $16.00 per share followed by a merger under DGCL Section 251(h). Ultralife's board unanimously approved the deal, and stockholders holding approximately 40.3% of shares signed a tender and support agreement. The offer is subject to a minimum tender condition of more than 50% of shares, HSR clearance, UK NSIA clearance, and other customary conditions, with no financing condition.
Key figures
- Outside date
- 2027-04-27
- Termination fee
- $10,300,000
- Offer price per share
- $16.00
- Reverse termination fee
- $10,300,000
- Support agreement stake
- 40.3%
- Weighted avg option strike
- $6.78
- Shares outstanding ultralife
- 16664312
- Options outstanding ultralife
- 845072
AI analysis
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