Wednesday July 28, 6:37 pm Eastern Time
Company Press Release
JDS Uniphase Prices Public Offering of Common Stock and Concurrent Offering of Exchangeable Shares
SAN JOSE, Calif.--(BUSINESS WIRE)--July 28, 1999--JDS Uniphase Corporation (Nasdaq:JDSU - news) today announced the pricing of its previously announced public offering of shares of JDS Uniphase common stock and concurrent offering of exchangeable shares of its subsidiary, JDS Uniphase Canada Ltd (TSE:JDU - news).
The offering of common stock relates to 9,250,000 shares of JDS Uniphase common stock at a price of US$82.625 per share, and the offering of exchangeable shares relates to 750,000 exchangeable shares of JDS Uniphase Canada Ltd. at a price of CDN$125.03 per share. The common stock offering consists of 7,034,308 shares being sold by the Company and 2,215,692 shares being sold by certain stockholders of the Company. The exchangeable share offering consists of 538,600 exchangeable shares being sold by JDS Uniphase Canada Ltd. and 211,400 exchangeable shares being sold by certain shareholders of JDS Uniphase Canada Ltd.
The common stock offering underwriting, which will be made only by means of a prospectus, is being managed by Banc of America Securities LLC and Deutsche Banc Alex.Brown. The exchangeable share offering, which will be made only by means of an offering memorandum, will be led by among others CIBC World Markets Inc., Banc of America Securities LLC, and Deutsche Bank Securities Limited. The offering of exchangeable shares will not be made in the United States and will be made only to non-U.S. persons. The Company has granted the underwriters in the common stock offering a 30-day option to purchase up to an additional 1,387,500 shares of common stock solely to cover over-allotments, if any.
The net proceeds to the Company, not including the over-allotment option, are expected to aggregate to approximately $602.8 million for both offerings, and will be used for general corporate purposes. Copies of the final common stock prospectus may be obtained from Banc of America Securities LLC, 600 Montgomery Street, San Francisco, California 94111 or Deutsche Banc Securities Inc., One South Street, Baltimore, Maryland 21202.
JDS Uniphase is a high technology company that designs, develops, manufactures and distributes a comprehensive range of products for the growing fiberoptic communications market. These products are deployed by system manufacturers worldwide to develop advanced optical networks for the telecommunications and cable television industries. JDS Uniphase Corporation is traded on the Nasdaq National Market under the symbol JDSU and the exchangeable shares of JDS Uniphase Canada Ltd. are traded on The Toronto Stock Exchange under the symbol JDU. More information on JDS Uniphase is available at www.jdsunph.com.
The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These statements may be identified by their use of forward-looking terminology such as ''believes'', ''expect'', ''may'', ''should'', ''would'', ''will'', ''intends'', ''plans'', ''estimates'', ''anticipates'' and similar words. Such forward-looking statements include, but are not limited to, statements regarding the expectations, intentions or strategies of JDS Uniphase Corporation described above. Such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected. Risks and uncertainties that could cause actual results to differ materially from such forward-looking statements include, but are not limited to, factors discussed from time to time in reports filed by Uniphase Corporation or JDS Uniphase Corporation with the Securities and Exchange Commission. The forward-looking statements contained in this news release are made as of the date hereof and JDS Uniphase Corporation assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ materially from those projected in the forward-looking statements.
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Contact:
JDS Uniphase Corporation
Kevin N. Kalkhoven or Anthony R. Muller, 408/434-1800
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