Corning Buys Becton Dickinson Unit For $730 Million In Cash

Corning (NYSE:GLW) announced it would acquire Becton Dickinson (NYSE:BDX) unit BD Biosciences Discovery Labware for $730 million in cash.Corning expects the deal to add $0.05 per share, excluding amortization, by 2016.GLW expects the deal to add to earnings slightly in 2013.GLW intends on continuing with its current share buyback activity, and will use part of domestic cash to fund the deal.Meanwhile, BDX said it sees a gain on the sale, adding that EPS from the unit for FY 2012 had been estimated at $0.23 – $0.27.