# Corning to acquire 3M's Communication Markets Division for $900M

Corning Incorporated announced it has entered into agreements to purchase substantially all of 3M's Communication Markets Division for approximately $900 million in cash. The acquisition is expected to close in 2018.

- Type: Acquisition
- Announced: 2017-12-01
- Where: United States
- Value: $900.0M
- Status: announced
- Products: high-bandwidth optical connectors, assemblies, hardware, accessories
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Corning](https://endata.com/companies/1685.md) (acquirer)
- [3M](https://endata.com/companies/3594.md) (target)

## Sources

- [corning.com](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), 2017-12-01: "This transaction expands both our global market reach and our high-bandwidth portfolio."
- [law360.com](https://www.law360.com/mergersacquisitions/articles/993327/corning-taps-shearman-skadden-for-900m-deal-with-3m), 2017-12-11: "Materials science giant Corning Inc. ... has inked a roughly $900 million cash deal to buy most of the communication markets business of 3M Co."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.