JDSU On Track To Spin-Off CCOP Business Into Lumentum Holdings

(RTTNews) - JDSU (JDSU) Friday said it continues to expect to spin off its communications and commercial optical products or CCOP business into a separate, publicly-traded company, Lumentum Holdings Inc., in the third calendar quarter of 2015.

Existing filings with the Securities and Exchange Commission indicate a distribution date of July 26.

JDSU is continuing the customary regulatory process, and is targeting a revised separation date in August.

The company will confirm definitive separation, record and distribution dates once the regulatory process is completed.