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Ultralife Batteries reports $7.9 million reduction in McDowell Research purchase price
NEWARK, N.Y., 10 Oct. 2007. Ultralife Batteries Inc. has agreed with the sellers of McDowell Research to reduce the purchase price relating to Ultralife's acquisition of McDowell Research in July 2006. The negotiated reduction of $7.9 million reduces the total purchase price from approximately $28.4 million to $20.5 million.