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Announced

Completed

Corning completed the acquisition of a 80.5% stake in Hemlock Semiconductor from DuPont for $725m.

Financials

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Transaction Value£549m
Consideration TypeCash
Capital Owned-
Capital Bid For81%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

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Specialty Chemicals

Acquisition

Domestic

Majority

Private

Completed

Friendly

Single Bidder

Synopsis

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Corning, a technology company that specializes in specialty glass, ceramics, and related materials, completed the acquisition of a 80.5% stake in Hemlock Semiconductor, a provider of hyper-pure polycrystalline silicon and other silicon-based products used in the manufacture of semiconductor devices, solar cells and modules, from DuPont, a multinational chemical company, for $725m.

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