Combining the strengths of the supply chain upstream: the buyout and Jordan Slide equity Samsung Corning Air Jordan 3 joint venture, Samsung Corning get 7.4% stake, the two sides also reached a 10-year supply agreementIn today's deal, the Corning with $ 1.9 billion worth of convertible preferred stock Nike Air Jordan Mens in exchange for a joint venture between Samsung - Samsung Corning Precision Materials 43% of the shares. The company was founded in 1995 by Samsung and Corning Newest Nike Air Force 1 Womens Green Yellow Shoes joint venture, based in South Korea, the main production is widely Cheapest Nike Air Force 1 Mens Black Beige Shoes used in televisions, notebook computers, desktop monitors, digital cameras and mobile devices of active matrix LCD glass. Corning said it will 2015 Latest Nike Shoes use $ 300 million to buy all the remaining shares from minority shareholders Popular Nike Air Force 1 High Womens Black Green Shoes at the other, to the full measure of the company. In addition, Samsung also used an additional $ 400 million to subscribe for additional convertible preference shares of Corning. Samsung got $ 1.9 billion of convertible preferred stock in accordance with the provisions in seven years can not be converted, it can be $ 20 per share, the conversion price after seven years. In addition, when the stock price more than 35 US dollars, the Corning is entitled to cast. After conversion, these shares is equivalent to 7.4% of Corning's shares. After the deal was announced, Corning's stock had soared 26 percent, to $ 19.30 a share. In addition, the two sides also signed a ten-year supply contract the LCD panel glass, the cooperation period to 2023, the amount of Corning's annual revenue will therefore increase by about $ 2 billion. Corning Gorilla Glass production has been widely used in a variety of mobile devices, Samsung, Apple and HTC and other mainstream manufacturers are using Corning products. Samsung is, who is also the device manufacturers and parts suppliers dual identity, said manufacturers have to use the device in the sale of Samsung accessories. Therefore, the two joined forces in the upstream supply chain, the company must make a lot of upset. Unless noted, articles are original or compiled site, please indicate: articles from 36 Krypton