Key Developments: Corning Inc (GLW)

GLW on New York Consolidated

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27 Aug 2014
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Latest Key Developments (Source: Significant Developments)

Corning Inc declares quarterly dividend
Wednesday, 16 Jul 2014 09:46am EDT 

Corning Inc:Declares quarterly dividend on the company's common stock of $0.10 per share.Payable on Sept. 30 to holders of record on Aug. 29.  Full Article

Mitsui Chemicals Inc acquires Corning Inc's SunSensors operations
Tuesday, 20 May 2014 12:00am EDT 

Mitsui Chemicals Inc:Says acquisition of Corning Inc's SunSensors operations on May 15.Through acquisition, Mitsui Chemicals moves to bolster its world-class ophthalmic lens material business while breaking into rapidly growing global photochromic lens market.Terms of acquisition were not disclosed.  Full Article

Lightwave Logic Inc acquires worldwide license agreement to corning's organic electro-optical materials from Corning
Tuesday, 8 Apr 2014 10:45am EDT 

Lightwave Logic Inc:Enters into sole worldwide license agreement with Corning Incorporated enabling Lightwave to integrate Corning's organic electro-optical chromophores into Lightwave Logic's portfolio of electro-optic polymer materials.Agreement allows Lightwave to use licensed patents within defined license field that includes communications, computing, power, and power storage applications utilizing the nonlinear optical properties of their materials.  Full Article

World Kitchen enters into strategic collaboration with Corning Inc
Saturday, 15 Mar 2014 09:00am EDT 

World Kitchen, LLC and Corning Inc:Enters into strategic cooperative agreement to explore new technology options in area of housewares.Agreement provides World Kitchen, one of the housewares companies, opportunity to work with Corning on glass and ceramic technologies, which could lead to new product development for housewares industry.  Full Article

Corning Inc announces $1.25 bln accelerated share repurchase
Tuesday, 4 Mar 2014 09:01am EST 

Corning Inc:Says it has entered into an accelerated share repurchase agreement (ASR) with Citibank, N.A. to repurchase $1.25 bln of the company's common stock.The ASR is part of the company's $2 bln share repurchase program made effective concurrent with the closing of Corning's full acquisition of Samsung Corning Precision Materials Co., Ltd. (now Corning Precision Materials) on Jan 15.Under the terms of the ASR, Corning has agreed to repurchase in total $1.25 bln of its common stock from Citibank, N.A., with an initial delivery of about 52.5 mln shares based on current market prices.The final number of shares to be repurchased will be based on Corning's volume-weighted average stock price during the term of the transaction.The program is expected to be completed in Q2 2014.The company expects to finance the ASR with cash on hand.  Full Article

Corning Inc declares quarterly dividend
Wednesday, 5 Feb 2014 09:34am EST 

Corning Inc:Says it has declared a quarterly dividend on the company's common stock of $0.10 per share.Says payable on Mar. 31, 2014, to holders of record on Feb. 28, 2014.  Full Article

G-TECH Optoelectronics Corp to carry out strategic cooperation with Corning Inc
Saturday, 4 Jan 2014 09:26pm EST 

Corning Inc:G-TECH Optoelectronics Corp will carry out strategic cooperation with Corning Inc regarding 3D forming glass business.  Full Article

Corning Inc Enables Enhanced Cellular Coverage At Americasmart Atlanta
Tuesday, 19 Nov 2013 08:00am EST 

Corning Inc announced that its distributed antenna system (DAS) has been installed at AmericasMart Atlanta to help deliver improved wireless coverage, capacity and data speeds for exhibitors and guests.  Full Article

Corning Inc Announces $1 Billion Accelerated Share Repurchase
Thursday, 31 Oct 2013 07:15am EDT 

Corning Inc announced that it has entered into an accelerated share repurchase agreement (ASR) with JPMorgan Chase Bank, National Association, London Branch to repurchase $1 billion of the Company's common stock. The ASR is part of Corning's $2 billion share repurchase program announced April 24, 2013. Under the terms of the ASR, Corning has agreed to repurchase $1 billion of its common stock from JPMorgan in total, with an initial delivery of approximately 47 million shares based on current market prices. The final number of shares to be repurchased will be based on Corning's volume-weighted average stock price during the term of the transaction, which is expected to be completed in the first quarter of 2014. The Company expects to finance the ASR with cash on hand.  Full Article

Corning Inc And Samsung Strengthen Strategic Collaborations
Tuesday, 22 Oct 2013 04:05pm EDT 

Corning Inc announced that it is entering into a series of strategic and financial agreements with Samsung Display Co., Ltd., intended to strengthen product and technology collaborations between the two companies. These agreements will allow Corning to extend its leadership in specialty glass and drive earnings growth. Corning expects the transactions to close in the first quarter of 2014.  Full Article

Corning profit falls short on lower Gorilla glass demand

- Corning Inc reported second-quarter core earnings below analysts' average estimate, hurt by lower demand for its Gorilla Glass, which is used in iPhones and the Galaxy devices.

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