Vote Postponed on JDS’ Purchase of SDL

JDS Uniphase Corp., the biggest maker of fiber-optic components, said a shareholder vote on its proposed $22.5-billion acquisition of smaller rival SDL Inc. has been postponed because the Justice Department is reviewing a proposed remedy to antitrust concerns. Meanwhile, SDL said operating earnings more than tripled to $48.2 million, or 53 cents per share, from $12.8 million, or 17 cents, a year ago, exceeding forecasts of 49 cents, as revenue surged to $175.6 million from $58.7 million. JDS and SDL moved their shareholder meetings to Feb. 12 from Friday. JDS closed off 81 cents at $63.06, while SDL declined $1.94 to close at $232.13, both on Nasdaq.