Banking Recap

M&A Transaction Announced for $263.0M

This is a cash acquisition classified as an M&A transaction involving Knowles Corporation (NYSE: KN), referred to in the facts block as the Company, in connection with the divestiture of its Consumer MEMS Microphones (CMM) business. The disclosed value of the transaction is $263,000,000. No target, acquirer, or sector field beyond the product classification is specified in the facts block.

Sep 18, 2023·SEC EDGAR (8-K)·pending regulatory·cash acquisition

Deal value

The transaction is sourced from an 8-K filing with the SEC, filed via SEC EDGAR and published on September 18, 2023. The deal's current status is pending regulatory approval.

On the financial advisory side, Jefferies LLC was engaged by the Company to assist in the strategic review of the CMM business, a role identified as lead. Separately, J.P. Morgan is named as the exclusive financial advisor to the acquirer, Knowles, also in a lead capacity, with the source language specifically noting that J.P. Morgan served as exclusive financial advisor to Knowles alongside its legal counsel.

On the legal side, Foley & Lardner LLP is identified as legal advisor to the acquirer, Knowles, per the same source sentence that names J.P. Morgan as Knowles's exclusive financial advisor. No legal advisor is identified for the Company (the divesting party) in the facts provided.

Beyond the cash consideration implied by the cash acquisition subtype and the disclosed $263,000,000 value, no further detail on deal structure, payment terms, or closing mechanics is provided in the facts block.

Several items are not disclosed in the available record. The identities of the specific target and acquirer entities beyond \'Knowles\' and \'the Company\' are not separately broken out in structured fields, no sector classification is given, and no legal advisor is named for the Company side of the transaction. No expected closing date or additional timeline detail beyond the September 2023 filing date and pending-regulatory status is provided.