3M to Sell Optical Fibre Business to Corning

INDUSTRY NEWS: posted 12 December 2017

PRESS RELEASE:  CORNING, New York, United States -  Corning Inc. has announced that it has entered into agreements with 3M to purchase substantially all of 3M’s Communication Markets Division.

The acquisition is to take place in a cash transaction valued at approximately US $900 million.

The acquisition is expected to close during 2018, subject to customary closing conditions and regulatory approval.

Read the full story here https://www.corning.com/worldwide/en/about-us/news-events/news-releases/2017/12/corning-to-acquire-substantially-all-of-3ms-communication-markets-division.html

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