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JDS Uniphase and SDL Inc. Announce $41 Billion Merger

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NEPEAN, Ontario, Canada, July 10 -- JDS Uniphase Corp and SDL Inc. have announced a definitive merger agreement in which JDS Uniphase will exchange 3.8 shares of its common stock for each share of SDL common stock. The agreement, worth about $41 billion based on July 7 closing stock prices, awaits regulatory approval and the approval of both company's stockholders. Upon completion of the transaction, SDL will be run as a wholly owned subsidiary of JDS Uniphase. The increasing demand for bandwidth calls for faster telecommunication network capacity and flexibility, and this merger is...Read full article

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    Published: July 2000
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