By Lisa Kerner
Charlotte, N.C., Dec. 11 - JDSU Uniphase Corp. agreed to acquire American Bank Note Holographics, Inc. in a stock and cash deal valued at $138 million, the companies announced today.
The acquisition will expand JDSU's position into security solutions for transaction card-based commerce.
American Bank Note shareholders will receive $5.15 of JDSU common stock plus $1.00 in cash for each share of American Bank Note.
The transaction is slated to close by March 31.
American Bank Note was advised by Morgan Keegan & Co., Inc. and Fulbright & Jaworski LLP.
"As the battle against counterfeiters becomes increasingly relevant on a global scale, brand owners are heavily investing in overt and covert security solutions," Roy Bie, senior vice president and general manager of JDSU's advanced optical technologies business segment, said in a company news release.
"With the addition of ABNH's technology expertise and leadership in providing security to the transaction card market, we will be uniquely positioned to supply comprehensive security solutions to our customers in the fast-growing brand security market," Bie added.
American Bank Note produces and markets holograms for security applications. The Robbinsville, N.J., company also supplies optical security devices for the transaction card market.
JDSU, based in Milpitas, Calif., provides communications test and measurement solutions, as well as optical products
| Acquirer: | JDSU Uniphase Corp.
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| Target: | American Bank Note Holographics, Inc.
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| Announcement date: | Dec. 11
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| Transaction total: | $138 million
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| Price per share: | $5.15 of JDSU common stock plus $1.00 cash
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| Expected closing: | By March 31
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| Stock price of acquirer: | Nasdaq: JSDU: $13.70 on Dec. 10
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| Stock price of target: | OTCBB: ABHH: $5.60 on Dec. 10
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