Amid plant consolidations and the dispensing of product lines, JDS Uniphase took advantage of a rejuvenated test market last week and began building for the future with the proposed $760 million acquisition of Acterna. JDSU announced its intent to acquire Acterna, one of the top three test equipment companies in the industry, for $450 million in cash and $310 in JDS Uniphase common stock. The acquisition is expected to close sometime in the third quarter, perhaps as early as July, said Kevin Kennedy, president and CEO of JDS Uniphase. "This acquisition creates the leading provider of optical communication products and broadband test and measurement solutions with annualized revenues in excess of $1 billion," he said.
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