REFILE-3M to buy Ceradyne for $847 mln

Mon Oct 1, 2012 7:47am EDT

Oct 1 (Reuters) - 3M said it will acquire ceramic component maker Ceradyne Inc for about $847 million.

The offer of $35 per share represents a premium of about 43 percent to Ceradyne's Friday closing.

3M said it estimates the acquisition to add 1 cent a share to earnings, excluding items, over the first 12 months after the completion of the deal.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.