JDS Uniphase And SDL Merger Completed
SAN JOSE, Calif., Feb. 16 -- JDS Uniphase Corp. and SDL Inc. announced the completion of their merger. As a result of the merger, each outstanding share of SDL common stock is exchanged for 3.8 shares of JDS Uniphase common stock and SDL becomes a wholly owned subsidiary of JDS Uniphase. SDL's common stock is no longer up for trade on Nasdaq.
SDL stockholders who hold their shares directly will receive a notice in the mail describing the process to exchange their SDL stock certificates for JDS Uniphase common stock certificates. SDL stockholders whose shares are held through intermediaries such as banks or brokers will receive information about their holdings from those institutions.
"We believe that joining our two companies allows us to provide many benefits for our customers," said Don Scifres, CEO and president of SDL. "With our increased technological expertise and the economies of scale, we believe that we will now be able to offer our customers new innovative component and module offerings, as well as increased, focused efforts for chip-level integration. Now we can finally get to work creating a better partner for our customers as we promised when we announced our merger."
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