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Stock Market & Financial Investment News

News Breaks
March 13, 2014
06:10 EDTKNKnowles initiated with an Outperform at JMP Securities
Target $36.
News For KN From The Last 14 Days
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July 1, 2015
09:08 EDTKNKnowles 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.
08:38 EDTKNKnowles outlook has improved, says JMP Securities
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June 29, 2015
08:02 EDTKNKnowles announces offer consideration for Audience acquisition
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