×

REFILE-3M to buy Ceradyne for $847 mln

(Corrects to remove extraneous word from headline)

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)

((bijoy.koyitty@thomsonreuters.com)(within U.S. +1 646 223 8780)(outside U.S. +91 80 4135 5800)(Reuters Messaging: bijoy.koyitty.reuters.com@reuters.net))

Keywords: CERADYNE OFFER/3M