Knowles Unveils Strategic Actions To Accelerate Its Transformation; To Acquire Cornell Dubilier For Total Cash Consideration Of $263M & Explores Strategic Options For Consumer MEMS Microphones Segment
Portfolio Pulse from Benzinga Newsdesk
Knowles Corporation has announced strategic actions to accelerate its transformation. The company plans to acquire Cornell Dubilier for a total cash consideration of $263 million. Additionally, Knowles is exploring strategic options for its Consumer MEMS Microphones segment.
September 18, 2023 | 12:09 pm
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Knowles Corporation's acquisition of Cornell Dubilier and exploration of strategic options for its Consumer MEMS Microphones segment could potentially boost its market position and financial performance.
The acquisition of Cornell Dubilier could potentially strengthen Knowles Corporation's product portfolio and market position. Additionally, exploring strategic options for its Consumer MEMS Microphones segment could lead to improved operational efficiency and financial performance. These actions are likely to have a positive impact on the company's stock price in the short term.
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