Corning and NetOptix Merger in the Clear

CORNING, NY--Corning Incorporated and NetOptix Corporation announced yesterday that the U.S. government's statutory 30-day Hart-Scott-Rodino antitrust review waiting period has expired. The merger remains subject to other regulatory steps before closing, including review by the U.S. Securities and Exchange Commission.

Corning announced February 14 that it had agreed to acquire NetOptix Corporation of Sturbridge, Massachusetts, a manufacturer of thin film filters for use in dense wavelength division multiplexing (DWDM) components, for approximately $2 billion in stock.

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