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JDSU, SDL Agree to $41 Billion Merger

JDS Uniphase Corporation (NASDAQ: JDSU; TSE: JDU) and SDL, Inc. (NASDAQ: SDLI) announced today their definitive agreement to merge in a transaction valued at approximately $41 billion based on July 7, 2000 closing stock prices.

The merger agreement provides for the exchange of 3.8 shares of JDS Uniphase common stock for each common share of SDL. Completion of the transaction is subject to customary closing conditions, including the approval of stockholders' of both companies and regulatory approvals. Following completion of the transaction, SDL will operate as a wholly-owned subsidiary of JDS Uniphase.

http://www.jdsunph.com/html/corpinfo/press/news_jdsu.cfm?fn=pressid_34.cfm
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