Corning to Acquire Samsung Electronics’ Fiber Optics Business
Tuesday, December 2, 2014
Corning Inc. announced today that it has reached a definitive agreement with Samsung Electronics Co., Ltd. to acquire its fiber optics business.
The terms of the agreement were not released. The acquisition is expected to be completed by the end of the first quarter of 2015, subject to customary closing conditions, including receipt of regulatory approvals.