Corning to buy out Samsung from LCD panel JV
Oct 22 (Reuters) - Specialty glass maker Corning Inc said it would buy out Samsung Electronics Co Ltd's stake in their LCD panel joint venture, resulting in the South Korean company taking a 7.4 percent shareholding in Corning.
Corning shares rose about 20 percent in extended trading.
Samsung owns 43 percent of the joint venture, Samsung Corning Precision.
The deal includes a new LCD display glass supply agreement between Corning and Samsung through 2023.