Corning will buy units from Siemens
Article Abstract:
Corning Inc., world's leading oprical fiber producers, moved to buy Siemens AG's optical fiber and hardware businesses. Also, it will acquire the remaining 50% share of two joint ventures it has with Siemens for about $1.15 billion. Corning predicts that earnings will be diluted by less than 5% in 2000, as the company will assume $120 million in debt and pay $145 million above the purchase price if certain criteria are met, but the outlook is good for the accretivity in the coming years.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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Corning says it will buy laser firm
Article Abstract:
Corning Inc. announced that it will purchase Oak Industries Inc. in a deal valued approximately at $1.8 billion (1.73 billion euros). The deal will allow Corning to offer important laser components for optical communication networks.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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Pirelli's assets are getting as boost
Article Abstract:
Pirelli SpA's remaining technology assets are being re-rated by analysts, who are wondering how the tire maker will invest its money after the Euro4.08 billion sale of its optical-components business to Corning Inc.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2000
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