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JDS Uniphase Closes Acquisition of IBM Optical Transceiver Business
📅 - JDS Uniphase Corporation (jdsu.com) today announced that ithas completed its previously announced acquisition of the opticaltransceiver business of IBM Corporation (ibm.com). The company paid IBM $100million in cash and 26.9 million shares of JDS Uniphase common stock in thetransaction. Additional payments of up to $85 million in cash or stock maybe made in early 2003, based on the financial performance of the acquiredbusiness.
JDS Uniphase is a technology company that designs, develops, manufacturesand sells a range of products for fiberoptic communications applications.These products are deployed by system manufacturers to develop advancedoptical networks for the telecommunications and cable television industries.
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