Sale of JDSU's Zurich subsidiary to Nortel Networks also completed

February 13, 2001

1 Min Read

OTTAWA and SAN JOSE, Calif. -- JDS Uniphase Corporation (Nasdaq: JDSU; Toronto: JDU) and SDL, Inc. (Nasdaq: SDLI) announced today the completion of their merger. JDS Uniphase also announced the completion of the previously announced sale of its Zurich subsidiary to Nortel Networks. As a result of the merger, each outstanding share of SDL, Inc. 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 will no longer trade on Nasdaq effective after the close of trading today. 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," added 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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