EnerSys
For the period ended Mar 31, 2024. Filed May 22, 2024.
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FY2024 · Filed May 22, 2024
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24. Subsequent Events
- Subsequent Events
Dividend
On May 22, 2024, the Board of Directors approved a quarterly cash dividend of $0.225 per share of common stock to be paid on June 28, 2024, to stockholders of record as of June 14, 2024.
Bren-Tronics, Inc. Acquisition
On May 2, 2024, EnerSys announced that the Company has entered into a definitive agreement to acquire Bren-Tronics, Inc. for approximately $208 million, subject to adjustments. Bren-Tronics, Inc is a leading manufacturer of highly reliable portable power solutions, including small and large lithium batteries and charging solutions, for military and defense applications. The acquisition is subject to certain closing conditions, including the receipt of governmental regulatory approvals and the proper onveyance of all required closing deliverables. The acquisition is expected to close by the end of the second quarter of fiscal 2025, subject to the satisfaction of customary closing conditions.
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