Knowles Company (NYSE:KN) additionally introduced that it’s reviewing strategic options for its CMM enterprise. CMM designs and manufactures micro-electro-mechanical methods microphones that allow voice management communication and superior audio recording for purchasers throughout the ear, compute, web of issues and smartphone market segments. The Firm has engaged Jefferies LLC to help within the CMM strategic assessment.
No assurance might be provided that any transaction or different strategic outcomes will outcome from the assessment. The Firm has not set a timetable for the conclusion of the strategic assessment and doesn’t intend to touch upon or present updates concerning these issues except and till it determines that additional disclosure is acceptable or required.
