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Corning, the giant in mobile phone cover glass, has made concessions to the EU in an effort to end the antitrust investigation.
On November 26, the Hong Kong Stock Exchange reported that the European Commission stated on November 25 local time that the usa glass manufacturer corning proposed to cancel its exclusive supply agreements with mobile phone manufacturers and companies processing raw glass sheets, aiming to end the EU investigation and avoid potential hefty fines. Earlier this month, the EU launched an investigation into corning, concerned that the aforementioned exclusive supply agreements might exclude competitors' glass manufacturers from most of the market. The European Commission stated at that time that it would assess whether corning was abusing its dominant position in the global mobile phone cover glass market.
EU Regulator Seeks Comments on Corning's Proposed Measures for Glass Supply Deal
Corning Offers Undertakings to EU Over Mobile Device Glass Probe
Express News | European Commission: Corning proposed to abandon all exclusive agreements with mobile phone manufacturers to address competition issues.
Express News | EU Commission Says Corning Offers to Waive All Exclusive Deals With Mobile Phone Manufacturers to Address Competition Concerns
Express News | EU Says Corning Offers to Drop Purchase Requirements Made to Mobile Phone Manufacturers
Express News | EU Says Corning's Concessions in Antitrust Probe Would Remain in Force Worldwide for 9 Years
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J.P. Morgan Sticks to Their Hold Rating for Owens Corning (OC)
Express News | Owens Corning : JP Morgan Raises Target Price to $200 From $167
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Corning To Go Ex-Dividend On November 15th, 2024 With 0.28 USD Dividend Per Share
November 13th (Eastern Time) - $Corning(GLW.US)$ is trading ex-dividend on November 15th, 2024.Shareholders of record on November 15th, 2024 will receive 0.28 USD dividend per share on December 13th,