EnerSys (ENS) has agreed to acquire UltraLife (ULBI) for $16 per share in cash, according to InsideArbitrage's Event Driven Monitor dated October 28, 2026. The report describes the offer as representing a 151.57% premium. It did not state the total value of the transaction, and no overall purchase price was disclosed in the source.
The deal is at the announced stage. The source describes it as an agreement for EnerSys to acquire UltraLife, and it has not been reported as completed.
The monitor listed the EnerSys-UltraLife agreement alongside two other M&A developments: Ares Capital's (ARCC) agreement to acquire MidCap Financial Investment (MFIC) in a $2.60 billion deal offering $10.88 per share in cash and stock, and MISTRAS Group's filing of a definitive proxy statement with a shareholder vote scheduled for November 24, 2026.
The source did not include any statement from either company, financing details, a closing date, or any rationale for the transaction.