3M to buy acquire Ceradyne for $847 mln

Oct 1 (Reuters) - 3M said it will acquire ceramic component maker Ceradyne Inc for about $847 million.

The offer of $35 per share represents a premium of about 43 percent to Ceradyne's Friday closing.

3M said it estimates the acquisition to add 1 cent a share to earnings, excluding items, over the first 12 months after the completion of the deal.

(Reporting by Bijoy Koyitty in Bangalore; Editing by Maju Samuel)

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