American Bank Note shareholders to decide merger on Jan. 11

By Lisa Kerner

Charlotte, N.C., Jan. 15 - American Bank Note Holographics, Inc. will hold a special meeting of stockholders on Feb. 13 at 10 a.m. in New York for the purpose of voting on the company's acquisition by JDS Uniphase Corp. and its subsidiary Light Acquisition Corp.

The record date for the meeting is Jan. 11.

American Bank Note's board of directors is recommending shareholders vote in favor of the merger agreement, according to a 424B3 filing with the Securities and Exchange Commission.

On Dec. 10, JSD Uniphase agreed to acquire American Bank Note in a stock and cash deal valued at $138 million. American Bank Note shareholders will receive $5.15 of JDS Uniphase 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 produces and markets holograms for security applications. The Robbinsville, N.J., company also supplies optical security devices for the transaction card market.

JDS Uniphase, based in Milpitas, Calif., provides communications test and measurement solutions, as well as optical products.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.