December 11, 2017 / 2:04 PM / 2 years ago

3M to sell communication markets unit to Corning for $900 mln

Dec 11 (Reuters) - 3M Co would sell substantially all of its communication markets business to Gorilla Glass maker Corning Inc for $900 million in cash, the companies said on Monday.

3M’s unit provides optical fiber and copper passive connectivity solutions for the telecommunications industry and has annual global sales of about $400 million, the company said. (Reporting by Arunima Banerjee in Bengaluru; Editing by Martina D’Couto)

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