Close

Search

Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
SPECIAL ANNOUNCEMENT
2016 Photonics Buyers' Guide Clearance! – Use Coupon Code FC16 to save 60%!
share
Email Facebook Twitter Google+ LinkedIn Comments

JDS Uniphase, E-TEK Dynamics in $15 Billion Merger

Photonics.com
Jan 2000
SAN JOSE, Calif., Jan. 19 -- JDS Uniphase Corp. and E-TEK Dynamics Inc. have signed a definitive merger agreement that would result in E-TEK operating as a wholly owned subsidiary of JDS Uniphase. The agreement calls for the exchange of 1.1 shares of JDS Uniphase common stock for each common share of E-TEK. Completion of the merger -- valued at approximately $15 billion, based on closing stock prices as of January 14, 2000 -- is subject to customary closing conditions, including regulatory approvals and a vote by E-TEK stockholders.
The companies said the merger plans stem from growth in the telecommunications industry; accelerated deployment of fiber optic systems in service providers' networks has led to increased demand by systems manufacturers. JDS Uniphase and E-TEK Dynamics said they expect the merger to allow them to maximize their complementary strengths and to facilitate a more rapid scaling of operations that will bring greater volume and a broader range of products to customers faster.


Comments
Terms & Conditions Privacy Policy About Us Contact Us
back to top

Facebook Twitter Instagram LinkedIn YouTube RSS
©2016 Photonics Media
x We deliver – right to your inbox. Subscribe FREE to our newsletters.