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To: Dealer who wrote (23320)	6/23/2000 9:09:00 AM
From: Dealer	Read Replies (1) of 35685

JDSU-- DJ JDS Uniphase Gets DOJ Clearance For E-Tek Merger Deal 06/22/2000 Dow Jones News Services (Copyright ¸ 2000 Dow Jones & Company, Inc.) SAN JOSE, Calif. (Dow Jones)--JDS Uniphase Corp. (JDSU) received antitrust clearance from the Justice Department Thursday to complete its acquisition of E-Tek Dynamics Inc. (ETEK). In a press release, JDS Uniphase said it should complete the merger shortly after E-Tek's June 28 special shareholder meeting. As part of the agreement with the Justice Department, the companies agreed to give up E-Tek's rights of first refusal for the output from coating chambers used for making thin-film filters owned by filter vendors Barr Associates, Herrmann Technology Inc. - soon to be bought by Lucent Technology Inc. (LU) - Hoya Corp. (J.HOY) and OCJ Corp. E-Tek will relinquish 30% of the rights within 30 days of the DOJ consent decree, 60% within the next 30-day period and the remaining rights at the end of a 90-day transition period from the signing of the decree. JDS Uniphase and E-Tek also agreed not to enforce E-Tek's security interests and rights of repayment from supply agreements with the filter vendors stemming from E-Tek financing of coating chambers. The companies also won't reacquire the rights of first refusal for three years after the transition period. Purchase orders for filters are allowed under the decree as long as the delivery period is under 30 days during the transition and under 60 days for the next three years after. JDS Uniphase agreed in January to buy E-Tek in a stock swap initially valued at around $15 billion. JDS will trade 2.2 split-adjusted shares for each E-Tek share in the deal. Shares of JDS Uniphase, which makes fiber optic communications products, closed in regular-session Nasdaq trading Thursday at $125 a share, down $3.9375, or 3.1%. E-Tek shares closed in regular-session Nasdaq trading Thursday down $7.125, or 2.6%, at $269.375 a share. The company has about 67.9 million shares outstanding. -Roy R. Reynolds; Dow Jones Newswires; 201-938-5400

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