RR - have you seen this?
E-TEK Dynamics Sets Date for Stockholder Meeting on Merger With JDS Uniphase
SAN JOSE, Calif., May 23 /PRNewswire/ -- E-TEK Dynamics, Inc. (Nasdaq: ETEK - news) announced today that it has set June 28, 2000 as the date for its special stockholder meeting to vote on a proposal to approve the merger of E-TEK Dynamics and JDS Uniphase. The special meeting will be held at the company's headquarters at 1865 Lundy Avenue, San Jose, California at 8:00 AM Pacific Time.
Stockholders of record as of the close of business on May 22, 2000 will be entitled to vote at the meeting. On May 31, 2000, E-TEK stockholders will be sent a copy of the proxy statement and JDS Uniphase's prospectus as filed with the Securities and Exchange Commission on May 23, 2000. The document includes pro-forma financial information regarding the proposed merger of JDS Uniphase and E-TEK Dynamics.
The merger, which was announced on January 17, 2000, is scheduled to be completed in the quarter ending June 30, subject to obtaining the approval of E-TEK stockholders and regulatory approvals. Under the agreement, E-TEK stockholders would receive 2.2 shares of JDS Uniphase common stock for each share of E-TEK common stock. This exchange ratio was adjusted from 1.1 shares following the two-for-one split in JDS Uniphase common stock paid on March 10, 2000.
This release is being made for information purposes only and is not intended to be a solicitation of proxies for the proposed transaction.
E-TEK Dynamics, Inc., headquartered in San Jose, designs and manufactures high quality components and modules for fiber optic systems. E-TEK's wavelength division multiplexers (``WDMs'') are designed to increase the bandwidth capacity of fiber optic networks. Other E-TEK components, including isolators, couplers and integrated optics, are critical in enabling optical communications systems. These products are utilized in terrestrial and submarine long-haul fiber optic networks as well as in short-haul markets, such as metro and cable. More information on E-TEK is available at www.e-tek.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,'' ``expects,'' ``may,'' ``should,'' ``would,'' ``will,'' ``intends,'' ``intention,'' ``plans,'' ``estimates,'' ``anticipates,'' and similar words. Such forward-looking statements include, but are not limited to, the statement as to E-TEK's intended proxy mailing date, stockholder meeting date, and the scheduled closing date. 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, satisfaction of conditions to the merger, including the requirement that the merger receive certain regulatory approvals, and factors discussed from time to time in reports filed by JDS Uniphase Corporation and E-TEK Dynamics, Inc. with the Securities and Exchange Commission. The forward-looking statements contained in this news release are made as of the date hereof and neither JDS Uniphase Corporation nor E-TEK Dynamics, Inc. assumes any obligation to update the reasons why actual results could differ materially from those projected in the forward-looking statements.
SOURCE: E-TEK Dynamics, Inc. |
