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Federal regulators approve JDS Uniphase, E Tek Dynamics merger
SAN JOSE, CALIF. - The merger between JDS Uniphase and ETek Dynamics Inc. closed recently, capping the largest deal to date in the optical-components market.
Federal regulators, who had scrutinized the deal for antitrust violations, asked only that the companies divest their thin-film business. Federal approval came on June 22, and ETek shareholder approval was granted at a special meeting held June 28.
jDS Uniphase, itself a product of a large merger, will offer 2.2 shares of stock for every outstanding E Tek share. The deal was worth $15 billion when itwas announced and has risen to nearly $19 billion in the meantime.
The merger...