December 11, 2017 / 1:56 PM / 2 years ago

BRIEF-3M To Sell Substantially All Of Its Communication Markets Division For $900 Mln

Dec 11 (Reuters) - 3M Co:

* 3M TO SELL SUBSTANTIALLY ALL OF ITS COMMUNICATION MARKETS DIVISION

* 3M CO - DEAL FOR $900 MILLION

* 3M CO - ‍APPROXIMATELY 500 3M EMPLOYEES ARE EXPECTED TO JOIN CORNING UPON COMPLETION OF TRANSACTION​

* 3M CO - 3M EXPECTS TO REALIZE A GAIN OF APPROXIMATELY $0.40 PER SHARE FROM TRANSACTION, NET OF ACTIONS RELATED TO DIVESTITURE

* 3M CO SAYS HAS ENTERED INTO AGREEMENTS RELATED TO SALE OF SUBSTANTIALLY ALL OF ITS COMMUNICATION MARKETS DIVISION TO CORNING INCORPORATED

* 3M CO - EXPECTS TO REALIZE A GAIN OF APPROXIMATELY $0.40 PER SHARE FROM DEAL, NET OF ACTIONS RELATED TO DIVESTITURE​ Source text for Eikon: Further company coverage:

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