Samsung Electronics to sell fiber optics unit to Corning

|About: Corning Inc. (GLW)|By:, SA News Editor

Samsung Electronics (OTC:SSNLF, OTC:SSNGY) is selling its fiber optics business to U.S. glass panel supplier Corning (NYSE:GLW).

The sale includes Samsung Electronics' production facilities for the business in China and South Korea, a company spokeswoman said, although she declined to comment on details of the sale, including the price.

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