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Strategies & Market Trends : Gorilla and King Portfolio Candidates
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To: Uncle Frank who wrote ()4/2/2000 12:33:00 PM
From: mtnlady  Read Replies (1) of 54805
 
ETEK and JDSU merger info.

biz.yahoo.com

"E-TEK Dynamics and JDS Uniphase Receive Request for Additional Information In HSR Review
NEPEAN, Ontario and SAN JOSE, Calif., April 2 /PRNewswire/ -- JDS Uniphase Corporation (Nasdaq: JDSU - news; Toronto: JDU - news) and E-TEK Dynamics, Inc. (Nasdaq: ETEK - news) announced that they have received requests for additional information and other documentary material from the Antitrust Division of the U.S. Department of Justice under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (``HSR'), with respect to JDS Uniphase's previously announced merger with E-TEK. This request, which was received late on March 31, 2000, extends the waiting period under HSR.

JDS Uniphase and E-TEK intend to respond promptly and fully to the government requests, which are not unusual in a merger of this size that involves new, rapidly changing and important technologies. The parties expect to consummate the transaction in the second calendar quarter of this year, as originally indicated at the time of the merger announcement.

JDS Uniphase and E-TEK announced their agreement to merge on January 17, 2000. The merger agreement provides for the exchange of 2.2 shares of JDS Uniphase common stock for each common share of E-TEK."
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