SAN FRANCISCO (MarketWatch) -- Corning Inc. (GLW) saw its stock jump more than 20% in after-hours trades on Tuesday after the company said it has struck a deal to acquire the remaining stake of its joint venture with Samsung called Samsung Corning Precision Materials Co. The deal will include Samsung Display Co. making an investment in the form of convertible preferred shares of Corning with an aggregate face amount of $1.9 billion. Corning also pre-announced earnings and revenue for the third quarter, with results in line with those expected from Wall Street. Full results will be reported on Oct. 30.
-Dan Gallagher; 415-439-6400; AskNewswires@dowjones.com
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10-22-13 1625ETCopyright (c) 2013 Dow Jones & Company, Inc.
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