Analysis
NXP announces completion of transaction to transfer NXP Sound Solutions business to Knowles Electronics business
NXP today announced the completion of its agreement with Dover Corporation (NYSE: DOV) whereby Dover’s Knowles Electronics business has acquired NXP’s Sound Solutions business, initially announced on December 22, 2010. Under the terms of the agreement, Knowles has acquired NXP’s Sound Solutions business for $855 million in cash.
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