Knowles Announces "Exploration of Strategic Alternatives" for Consumer MEMS Microphones Segment
Knowles Corporation, a leading global supplier of high performance components and solutions, including ceramic capacitors and radio frequency filters, advanced microphones and balanced armature speakers and audio solutions, announced an agreement to acquire Cornell Dubilier, a manufacturer of high-quality film, electrolytic and mica capacitors for $263 Million. At the same time it announced the intention to explore "strategic alternatives" for its consumer MEMS microphones business.