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Stock Market & Financial Investment News

News Breaks
July 12, 2014
12:37 EDTADNCAudience completes acquisition of Sensor Platforms
Audience announced that it has completed its acquisition of Sensor Platforms. Sensor Platforms develops software and algorithms that interpret sensor data to enable broad context awareness on smartphones, wearables and other smart devices. Audience believes the combination of its Advanced Voice and Multisensory Processing with Sensor Platforms' technology places the combined company in a unique position to deliver compelling solutions based on the fusion of voice and motion. The company noted, "Joining these technologies will help transform the way consumers engage with devices, by enabling seamless natural user experiences, always-on sensor fusion, and context-aware services." With the close of the acquisition, the Sensor Platforms' team is now part of Audience. The acquisition was completed on July 11 for consideration of $41M of cash.
News For ADNC From The Last 14 Days
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July 1, 2015
09:08 EDTADNCKnowles completes acquisition of Audience
Knowles Corporation (KN) announced the successful completion of its cash and stock tender offer for all the outstanding shares of common stock of Audience (ADNC). Pursuant to the merger agreement, each share of common stock of Audience not accepted for payment in the offer, other than those held by Knowles or Audience or their respective subsidiaries, or holders who properly exercise appraisal rights, was converted into the right to receive $2.51 per share in cash, without interest, and 0.13207 shares of Knowles common stock in the merger contemplated by the merger agreement. Audience will be incorporated into Knowles with the integration expected to be accretive by Q4 of 2016 and generate annual cost synergies of approximately $25M, primarily from efficiencies in the areas of manufacturing, procurement, logistics and general and administrative functions. As a result of the acquisition, Audience common stock will cease trading on the NASDAQ Stock Market.
June 29, 2015
08:02 EDTADNCKnowles announces offer consideration for Audience acquisition
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June 23, 2015
16:14 EDTADNCMMCAP International reports 5.66% passive stake in Audience

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