AI equipment company Syntiant said Thursday it signed a deal to acquire certain assets of Knowles' (KN) consumer micro-electro-mechanical systems microphones business.
Syntiant said it will pay $150 million in cash and equity for the consumer MEM microphones business. The transaction is expected to close in Q4.
Knowles' shares were down 3.6% in recent Thursday premarket activity.
Price: 16.59, Change: -0.61, Percent Change: -3.55
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