This Week
  • FBI agents have launched a criminal probe involving Bristol Instruments Inc.

  • Dryden Theatre's Malin Kanis hopes to get more young adults in the theater's seats.

  • Doctors and researchers are tapping powerful computers to improve outcomes.

  • Best Lawyers in Rochester guide can help you obtain legal representation.

  • The Business Person of the Year finalists for 2015 are profiled.

  • Ex-Kodak manager Janice Gouldthorpe leads the Genesee Center for the Arts & Education.

Ultralife agrees to sell RedBlack Communications

Rochester Business Journal
October 4, 2012

Ultralife Corp. has agreed to sell its interest in RedBlack Communications Inc. to a Virginia firm for $2.5 million.

The Newark, Wayne County, company entered into and closed a stock purchase agreement to sell 100 percent of its capital stock in RedBlack on Sept. 28 with BCF Solutions Inc., a filing Wednesday afternoon with the Securities and Exchange Commission states. There will be a customary post-closing working capital adjustment to the purchase price, which is expected to be completed within 90 days.

Ultralife had announced on Feb. 16 it planned to divest RedBlack, a wholly owned subsidiary based in Maryland. RedBlack Communications designs, integrates and fields mobile, modular and fixed-site communication and electronic systems.

Shares of Ultralife stock (NasdaqGM: ULBI) were trading Thursday afternoon at $2.96 a share, down 4 percent from Wednesday closed of $3.08. The sock had closed Tuesday at $2.94.

(c) 2012 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email

What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment


Not registered? Sign up now!

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google