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Stock Market & Financial Investment News

News Breaks
March 28, 2014
07:29 EDTJDSUJDSU downgraded at RBC Capital
As noted earlier, RBC Capital downgraded JDSU to Sector Perform from Outperform. The firm downgraded the stock based on valuation. Target $15.
News For JDSU From The Last 14 Days
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January 15, 2015
16:03 EDTJDSUJDSU issues statement in response to Sandell Asset Management
JDSU ssued the following statement: "The JDSU Board of Directors remains committed to acting in the best interest of all shareholders and to strong corporate governance. Consistent with the Board's historical approach of regularly reviewing corporate governance best practices, and after discussions with many of the company's shareholders both before and after the December 2014 Annual Meeting, the company undertook an evaluation of potential changes to the advance notice provisions of the company's bylaws. The Board expects to finalize its decision on any such changes in this calendar quarter following additional shareholder outreach. As JDSU continues to execute on its previously announced separation, the Board remains committed to evaluating all opportunities for additional or greater value creation. Goldman Sachs and Centerview Partners are serving as financial advisors and DLA Piper is serving as legal counsel to JDSU."
January 13, 2015
09:05 EDTJDSUSandell reiterates need for JDSU to pursue strategic actions to maximize value
Sandell Asset Management, a shareholder of JDS Uniphase Corporation, has publicly released the following letter to the Board of Directors of JDSU. In such letter, Sandell calls for the immediate amendment of the Company’s Bylaws to remedy changes made in May 2014 that were detrimental to shareholder rights. Additionally, Sandell reiterates the need for JDSU to pursue further strategic actions to maximize shareholder value.

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