Dover plans to spin off certain communication technology businesses to holders

theflyonthewall.com

Dover announced that its board has unanimously approved a plan to spin off certain of its communication technologies businesses into a standalone, publicly traded company. Upon completion of the spin off, the new company, Knowles Corporation, will be an independent, global technology and market leader in the communication technologies space. Knowles will have significant product breadth in acoustic components, including MEMs microphones, speakers, receivers and transducers, as well as a solid position in communication infrastructure components.

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