SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?


To: Kayaker who wrote (493)7/2/1999 2:44:00 PM
From: Edward W. Richmond  Respond to of 24042
 
Whoa, Bob!!!!!!!!!
Some investor intelligence does reside across the Straight of Georgia. Even though we are former Vancouver Island and Queen Charlotte Islands residents:-):-)
Regards, Ed



To: Kayaker who wrote (493)7/2/1999 2:45:00 PM
From: pat mudge  Read Replies (1) | Respond to of 24042
 
I think it's just that all the smart people live on islands.


Yes, but wasn't it John Donne who wrote, "No man is an island. . ."

:)

Pat
(who appreciates the input from both sides of the debate)



To: Kayaker who wrote (493)7/2/1999 3:48:00 PM
From: DownSouth  Respond to of 24042
 
Not so fast, there, Bob. I don't live on an island, am not CDN, but am enjoying UNPH. Just wish I could buy more.



To: Kayaker who wrote (493)7/4/1999 9:35:00 AM
From: Kayaker  Read Replies (2) | Respond to of 24042
 
Found this over on the Yahoo thread:

TORONTO STOCK EXCHANGE ("TSE-T") JDS UNIPHASE CANADA LTD ("JDU-T") [formerly JDS FITEL INC. ("JDS-T") ] - Bulletin 99-0839; JDS Changes in Stock List

Subject to completion of a plan of arrangement (the "Arrangement") involving JDS Fitel Inc. (Symbol: JDS) ("JDS Fitel") and Uniphase Corporation ("Uniphase") to form a company called "JDS Uniphase Corporation" ("JDS Uniphase") and a Canadian subsidiary of JDS Uniphase to be called "JDS Uniphase Canada Ltd." ("Exchangeco"), which Arrangement is expected to become effective on Tuesday, July 6, 1999, the exchangeable non-voting shares ("Exchangeable Shares") of Exchangeco will be listed at the opening on Tuesday, July 6, 1999 in substitution for the presently listed common shares of JDS Fitel under the trading information noted below and the JDS Fitel common shares will be halted and delisted at the close of trading on that date. Stock Symbol: JDU; CUSIP: 46612F 20 8

Pursuant to the Arrangement, common shares of JDS Fitel will become Exchangeable Shares of Exchangeco on the basis of 0.50855 of an Exchangeco share for each JDS Fitel share held, unless a shareholder of JDS Fitel properly elected on or before June 30, 1999 to receive 0.50855 of a JDS Uniphase common share.

No fractional Exchangeable Shares will be delivered pursuant to the Arrangement. In lieu thereof, shareholders will receive a cash payment equal to such JDS Fitel shareholder's pro rata portion of the net proceeds received by the Depository upon the sale of whole shares representing an accumulation of all fractional interests in Exchangeable Shares to which such shareholders would have been entitled.

In order to receive the Exchangeco Exchangeable Shares to which they are entitled, holders must deposit their share certificates along with a duly completed Letter of Transmittal at the principal office of CIBC Mellon Trust Company in Toronto.

The following is a summary of some of the provisions attaching to the Exchangeable Shares. Reference should be made to the Management Information Circular dated May 25, 1999 for a more complete description.

Dividends:

If and when declared by the board of directors of JDS Uniphase and subject to certain restrictions as described in the Management Information Circular, dividends will be payable in the Canadian dollar equivalent to dividends paid from time to time on common shares of JDS Uniphase. The declaration date, record date and payment date for dividends on the Exchangeable Shares will be the same dates for the corresponding dividends on the JDS Uniphase common shares.

Exchange:

Subject to applicable law, not redeemable prior to March 31, 2014 (the "Redemption Date"), for a redemption price per share equal to the current market price (as defined in the Information Circular) of JDS Uniphase common shares plus a cash amount equivalent of the full amount of all unpaid dividends thereon, to be satisfied by the delivery of one common share of JDS Uniphase for each Exchangeable Share redeemed, together with a cash amount equal to the full amount of all unpaid dividends thereon. Under certain circumstances described in the Information Circular, redeemable prior to the Redemption Date.

Retraction:

Subject to applicable law, retractable at any time at the option of the holder for a retraction price per share equal to the current market price (as defined in the Information Circular) of a common share of JDS Uniphase plus a cash amount equivalent to the full amount of all unpaid dividends thereon, to be satisfied by the delivery of one common share of JDS Uniphase for each Exchangeable Share retracted, together with a cash amount equal to the full amount of all unpaid dividends thereon.

Voting:

Except as required by applicable law, not entitled to receive notice, attend or vote at any meeting of shareholders of JDS Uniphase.

However, pursuant to the terms of a Voting and Exchange Trust Agreement, each holder will have the right to vote, the process of which is described in the Information Circular, with the effect that each Exchangeable Share will have one vote as if it were a common share of JDS Uniphase for all meetings of common shareholders of JDS Uniphase. TEL: (416) 947-4700

Toronto Stock Exchange FAX: (416) 947-4270

Marketing And Communications
______________________________________

(c) Corporate Dissemination Services Inc. All rights reserved.

Tel:(604) 689-1101
Fax:(604) 689-1106
¸ 1999 StockHouse.com | Disclaimer