Public Event Detail
Corning offers to waive exclusive deals in EU antitrust probe, may stave off fine
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2024-11-25AAPLAppleAlpha Vantage Newsm_and_a
Event summary
Corning has offered to drop all exclusive dealing clauses in its agreements with mobile phone makers and raw glass processing companies to resolve an EU antitrust investigation. This move could help the company avoid a significant fine. The European Commission will now open a six-week feedback period for third parties before deciding whether to accept Corning's concessions, which would last for nine years.
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