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

 
 
Enersys (NYSE:ENS)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Enersys Charts.
Enersys (NYSE:ENS)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Enersys Charts.