Corning $900 million acquisition of 3M communication markets business

Overview:

• Corning has acquired 3M communication markets business for $900 million.
• The acquired business consists of optical fiber and copper passive connectivity solutions.
• Goldman Sachs acted as financial adviser to 3M.
• Corning plans to invest further $1-$3 billion in other businesses as part of its new strategy.

Katrin Kostadinova - Data analyst