CORNING ACQUISITION OF NICHOLS INSTITUTE
This article was originally published in The Gray Sheet
Executive Summary
CORNING ACQUISITION OF NICHOLS INSTITUTE will allow Corning to serve additional geographical areas and expand its esoteric testing offerings. Under a deal expected to close in early September, Corning will acquire all shares of Nichols in a transaction valued at approximately $325 mil. Nichols' operations will be merged with Corning Life Sciences, Corning's laboratory business.