FTC Clears Way for Corning to Buy 3M’s Optical-Fiber Business for $900 Million
The FTC cleared the way for Corning to buy 3M’s Communication Markets Division for $900 million, said an early termination notice Wednesday and released the next day, ending the transaction’s Hart-Scott-Rodino waiting period. Corning’s Optical Communications sector will acquire about…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
$400 million in annual sales of high bandwidth and optical fiber products from 3M, said Corning’s mid-December announcement.