Bose founded the company, based in Framingham, just outside Boston, in 1964. Maresca said the company will remain privately held._____
"Dr. Bose founded Bose Corporation almost 50 years ago with a set of guiding principles centered on research and innovation," Maresca said in a written statement. "That focus has never changed."
The company's products include elegant Wave system radios boasting "lifelike, room-filling sound," cushioned QuietComfort headphones for reducing background noises such as airplane engines, home theater accessories and computer speakers.
Troubled television star Cory Monteith, 31, was found dead in a hotel room. He was a star of the television show Glee.
Monteith, who played the character Finn Hudson on the TV series about a high school glee club, was found dead in his room on the 21st floor of the Fairmont Pacific Rim Hotel on Vancouver's waterfront at about noon Saturday, according to police.
Deputy Police Chief Doug Lepard said there was no indication of foul play. Monteith's body was found by hotel staff after he missed his check-out time, Lepard said.