Corning Announces the Total Consideration for its
Cash Tender Offer
August 16, 2010 03:31 PM Eastern Daylight Time
CORNING, N.Y.--(EON: Enhanced Online News)--Corning Incorporated (NYSE:GLW) announced today the
reference yield and total consideration for each series of notes subject to its previously announced cash tender offer.
The reference yields were determined at 2 p.m. New York City time today. The total consideration for each series
of notes is based on the applicable reference yield plus a fixed spread, in each case as set forth in the table below,
and is payable to holders of notes subject to the tender offerwho validly tender and do not validly withdraw their
notes before the early tender date, which is 5 p.m. New York City time today, unless extended. All payments for
notes purchased in the tender offer will also include accrued and unpaid interest on the principal amount tendered up
to, but not including, the tender offer settlement date, which is currently expected to be Wednesday, Sept. 1, 2010.
Tendered notes will be accepted in the order of the acceptance priority levels set forth in the table above, except that
the aggregate principal amount of 5.9% notes that will be accepted will not exceed the 5.9% note cap. Under certain
circumstances, Corning will accept tendered notes of one or more of the series on a pro rata basis as further
described in the Offer to Purchase.
The tender offer is scheduled to expire at 11:59 p.m. New York City time on Aug. 30, 2010, unless extended.
Holders of notes subject to the tender offermust validly tender and not validly withdraw their notes before the early
tender date, which is 5 p.m. New York City time today, unless extended, to be eligible to receive the total
consideration, which includes an early tender premium of $50.00 per $1,000 principal amount of notes tendered by
Title of
Security
Acceptance
Priority
Level
Reference
U.S.
Security
Treasury
Reference
Yield
Fixed
Spread
(basis
points)
Tender
Consideration
per
$1,