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. Last Updated: 07/27/2016

$41Bln Cable Merger

NEW YORK -- JDS Uniphase Corp. is buying rival fiber-optic product company SDL Inc. for about $41 billion in stock, just weeks after it purchased another competitor, E-Tek Dynamics.

JDS Uniphase and SDL each manufacture products needed for high-capacity fiber-optic networks, which allow for increased telecommunications traffic. Demand for such products is growing as high-speed audio and video transmission becomes more prevalent on the Internet.

Under the terms of the deal announced Monday, each share of SDL will be exchanged for 3.8 shares of JDS Uniphase. At Friday's closing prices, that would represent a 49 percent premium for SDL shareholders.