Corning’s $900 Million Acquisition of 3M Company’s Fiber and Copper Connectivity Solutions Business

Shearman & Sterling advised Corning Incorporated on its proposed acquisition of 3M Company’s global Fiber and Copper Connectivity Solutions Business. The closing of the transaction is subject to the satisfaction of customary closing conditions.

Corning is one of the world’s leading innovators in materials science with a 166-year track record of life-changing inventions. Corning applies its unparalleled expertise in glass science, ceramics science and optical physics, along with its deep manufacturing and engineering capabilities, to develop category-defining products that transform industries and enhance people’s lives. Corning succeeds through sustained investment in RD&E, a unique combination of material and process innovation, and deep, trust-based relationships with customers who are global leaders in their industries.

The Shearman & Sterling team includes partner Clare O’Brien (Picture) (New York-Mergers & Acquisitions), partner-elect Sean Skiffington (Toronto-Mergers & Acquisitions) and associates Andreas Piepers and Brian Hurd (both New York-Mergers & Acquisitions). Other attorneys include partners John Cannon (New York-Compensation, Governance & ERISA), Jordan Altman (New York-Intellectual Property Transactions), Guillaume Isautier (Paris-Mergers & Acquisitions), Andreas Löhdefink (Frankfurt-Mergers & Acquisitions) and Kris Ferranti (New York-Real Estate); counsel Sam Whitaker (London-Compensation, Governance & ERISA) and Jason Pratt (New York-Environmental); and associates Benjamin Petersen (Menlo Park-Intellectual Property Transactions), Kim Doan (Paris-Mergers & Acquisitions) and Marie-Alexis Valente (New York-Intellectual Property Transactions).

Involved fees earner: Clare O’Brien – Shearman & Sterling; Sean Skiffington – Shearman & Sterling; Andreas Piepers – Shearman & Sterling; Brian Hurd – Shearman & Sterling; Guillaume Isautier – Shearman & Sterling; Andreas Lohdefink – Shearman & Sterling; Kim Doan – Shearman & Sterling; John Cannon – Shearman & Sterling; Sam Whitaker – Shearman & Sterling; Jordan Altman – Shearman & Sterling; Benjamin Petersen – Shearman & Sterling; Marie-Alexis Valente – Shearman & Sterling; Kris Ferranti – Shearman & Sterling; Jason Pratt – Shearman & Sterling;

Law Firms: Shearman & Sterling;

Clients: Corning Inc.;

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