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JDS Uniphase to begin trading as two companies in early August

Jul. 15, 2015 5:39 PM ETViavi Solutions Inc. (VIAV) StockBy: Eric Jhonsa, SA News Editor
  • The breakup of JDS Uniphase (JDSU) into an optical component/industrial laser firm (to be known as Lumentum) and a business containing the company's network test equipment/software and optical security/performance units (to be known as Viavi) will occur on Saturday, Aug. 1.
  • 80.1% of Lumentum's shares will be distributed on Monday, Aug. 3, with JDS shareholders receiving one Lumentum share for every 5 JDS shares currently owned. The next day, Lumentum and Viavi will begin regular trading under the symbols LITE and VIAV.
  • Previously: JDS Uniphase plans to spin off Lumentum in August

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