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JDS Uniphase, SDL Set New Date for Shareholders to Vote on Merger

JDS Uniphase

(JDSU)

said the special stockholder meeting to vote on the pending acquisition of

SDL

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, which was originally slated for today, has been rescheduled for Jan. 26.

Last week JDS, a fiber-optic communications product maker, said it expected to complete the merger in January, instead of December, because of the time needed to gain regulatory approval. In July, JDS agreed to acquire SDL for about $41 billion in stock, but based on current prices, the deal is valued at less than half that amount.

Shares of both companies made significant gains in recent

Nasdaq

trading. JDS jumped $5.63, or 13.5%, to $47.38, and SDL rose $20.56, or 14.2%, to $165.

Shareholders of both companies will meet in San Jose, Calif., for their votes.