JDS Uniphase Canada Ltd. (TSX: JDU), a subsidiary of JDS Uniphase Corp. (NASDAQ: JDSU), said it intends to redeem all of its outstanding exchangeable shares on or after March 31, 2014.
On the redemption date, holders of exchangeable shares will receive, in exchange for each exchangeable share, one share of common stock of JDSU.
JDS Uniphase provides communications test and measurement solutions, and optical products for telecommunications service providers, wireless operators, cable operators, network-equipment manufacturers, original equipment manufacturers, enterprises, government organizations, distributors, and strategic partners worldwide. The company was founded in 1979 and is headquartered in Milpitas, California. Its website is at http://www.jdsu.com.