Corning Inc:Upcoming Approval Of Joint Venture Between Saint-Gobain And Corning Inc By The EU Competion Commission

May 10, 2016 11:19 AM ETGLW
Jordi O. profile picture
Jordi O.'s Blog
1 Follower
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Contributor Since 2013

The EU competition comission currently examining a joint venture between Saint-Gobain and Corning (GLW). In case, it got approved during the first stage, it will be approved at latest as Tuesday, 17th of May, 2016.

In 2007 a department from Saint-Gobain called Vertotex merged with Corning Inc. This merger was approved under the condition that Corning Inc. was supposed to divest two factories. Given, the fact that this agreement has been approved we can argue that with a very high (subjective) probability the joint venture will be approved.

Furthermore, the call options of 17th of June, 2016 show large positions compared to other months. Ofcourse, given the previous information we should be able to connect the dots.


Entry of merger in 2007:

Entry of joint venture 2016:

Options of 17th of June 2016:

Disclosure: I am/we are long GLW.

Additional disclosure: This is my first article. I am quiet new to this. The article has been written by means of research and facts found on the internet. As far as I know I do not get compensated. I am a student so feel free to send me a check.

Recommended For You


To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.