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| | SDL, Inc. Announces Recommended Offer to Acquire IOC International PLC |
 | | IOC shares are traded on the United Kingdom Alternative Investment Market (AIM) under the symbol, IOC. |
 | | The U.K. directors of IOC and certain other IOC shareholders have given irrevocable undertakings to accept the Offer in respect of holdings amounting in total to 19,766,175 IOC shares, representing approximately 63.49 percent of IOC's issued share capital as of March 30, 1999. |
 | | With the addition of IOC's lithium niobate based components and modules, we are able to provide our existing customer base with more elements of their DWDM solutions, while leveraging the increasing market for 10 Gbit/s products." Donald R. Scifres continued, "From this acquisition, SDL also gains additional manufacturing, development and sales and marketing capabilities. |
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