secwatch.observer — SEC 8-K summary
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Issuer:     Knowles Corp (KN)
CIK:        0001587523
Form:       8-K
Filed at:   2023-09-18T23:59:59+00:00
Accession:  0001587523-23-000073
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Knowles to acquire Cornell Dubilier for $263M; exploring strategic alternatives for Consumer MEMS Microphones
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- Acquire Cornell Dubilier for $263M total: $140M cash at close + $123M interest-free seller note.
- CD has >$135M annual revenue; adds film, electrolytic, mica capacitors; accretive to non-GAAP EPS in 2024.
- Evaluating strategic alternatives for Consumer MEMS Microphones segment; Jefferies LLC engaged.
- Acquisition expected to close in Q4 2023, subject to regulatory approvals and customary conditions.
- Pro forma leverage ~1.4x EBITDA; maintains balanced capital deployment including buybacks.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1587523/000158752323000073/0001587523-23-000073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1587523/000158752323000073/kn-20230918.htm
  HTML page:      https://secwatch.observer/filing/0001587523-23-000073

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