EnerSys Shareholders To Sell 2.85 Million Shares, Unload Stake
February 15 2011 - 7:34AM
Dow Jones News
EnerSys Inc. (ENS) said affiliates of its largest shareholder,
Metalmark Capital LLC, agreed to sell their entire stake of 2.85
million shares in the industrial battery maker to Goldman Sachs
& Co. (GS) at market prices.
The sales, by Morgan Stanley Dean Witter Capital Partners IV LP
and MSDW IV 892 Investors LP, represent 5.6% of the company, worth
$107.6 million at Monday's closing price of $37.82.
The company's fiscal third-quarter profit came in higher than
expected last week after it reported higher world-wide sales due to
volume and pricing gains.
Shares were inactive premarket and are up 70% in the past
year.
-By Drew FitzGerald, Dow Jones Newswires; 212-416-2909;
Andrew.FitzGerald@dowjones.com
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