Key Developments: Corning Inc (GLW)

GLW on New York Consolidated

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26 May 2015
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Latest Key Developments (Source: Significant Developments)

Corning Inc prices $750 mln of senior unsecured notes
Wednesday, 6 May 2015 08:30am EDT 

Corning Inc:Priced $375 mln aggregate principal amount of senior unsecured notes that mature on May 8, 2018 at coupon of 1.500%.And $375 mln aggregate principal amount of senior unsecured notes that mature on May 15, 2022 at coupon of 2.900%.Subject to customary closing conditions, sales are expected to close on May 8.The net proceeds of offerings will be used for general corporate purposes.Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated served as joint book-running managers and underwriters for offering.  Full Article

Corning declares quarterly dividend
Wednesday, 29 Apr 2015 04:05pm EDT 

Corning:Declares a quarterly dividend on the company's common stock of $0.12 per share.Payable on June 30 to holders of record on May 29.  Full Article

Corning Inc gives FY 2015 earnings outlook
Tuesday, 28 Apr 2015 07:10am EDT 

Corning Inc:Says it anticipates FY 2015 to be another year of strong core earnings-per-share growth.Reported FY 2014 EPS of $1.53.FY 2015 EPS of $1.54 - Thomson Reuters I/B/E/S.  Full Article

Corning Inc announces collaboration with OLEDWorks
Monday, 13 Apr 2015 08:30am EDT 

Corning Inc:Says collaborative agreement with OLEDWorks.To develop unique, flexible, and conformable OLED lighting solutions using hugin aspx _blank Corning Willow Glassas an integrated substrate.These lighting panels will be used in architectural lighting and luminaries and are expected to provide two times the light output of traditional OLED lighting panels, enabling increased efficiency and lower power consumption.  Full Article

Corning Inc acquires iBwave Solutions, Vicente Capital Portfolio Company
Thursday, 2 Apr 2015 07:15am EDT 

Vicente Capital Partners:Its sale of iBwave Solutions, Inc. to Corning Inc.Transaction generated 2.5x return for fund and its co-investors over an 18 month investment period.Vicente Capital Partners led investment in iBwave in 2013 and was accompanied by Farol Asset Management LP, direct investment arm of New York State Common Retirement Fund which is also one of larger investors in VCP's Growth Equity Fund.  Full Article

Corning Inc acquires iBwave Solutions, Inc
Wednesday, 1 Apr 2015 09:18am EDT 

Corning Inc:Says that it has acquired iBwave Solutions, Inc.The terms of the acquisition agreement were not released.  Full Article

Corning Inc completes acquisition of Samsung Electronics' fiber optics business
Tuesday, 31 Mar 2015 04:31pm EDT 

Corning Inc:Completes acquisition of Samsung Electronics' fiber optics business.  Full Article

DIRTT Environmental Solutions announces strategic collaboration with Corning Incorporated
Tuesday, 3 Feb 2015 09:00am EST 

DIRTT Environmental Solutions Ltd:Enters into a strategic collaboration with Corning Inc.Strategic relationship will bring Corning Willow Glass to DIRTT's suite of interior construction solutions.  Full Article

Corning Inc acquires assets of NovaSol
Thursday, 22 Jan 2015 08:30am EST 

Corning Inc:Announces that it has acquired assets of NovaSol, a provider of advanced hyperspectral imaging systems.Terms of the agreement are not being disclosed.  Full Article

Corning Inc completes TR Manufacturing, Inc. acquisition
Friday, 9 Jan 2015 04:10pm EST 

Corning Inc:Says it has completed previously announced acquisition of TR Manufacturing, Inc.  Full Article

Fitch Rates Corning's $750MM of Senior Notes 'A-'

(The following statement was released by the rating agency) CHICAGO, May 05 (Fitch) Fitch Ratings has rated Corning Inc.'s (Corning) $750 million of senior notes 'A-'. Corning will use net proceeds from the three- and seven-year senior notes sale for general corporate purposes. The Rating Outlook is Stable. A full list of ratings follows at the end of this release. The ratings and Outlook reflect Fitch's expectation for solid near-term operating performance, driven by positive momentum acros

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