Forgive the ignorance of this question but I'm new to the stock market and this is the first time I've been involved with an exchange of stock that was not in whole stock increments. With 1 share of OCLI worth 1.856 shares of JDSU a lot of folks will have fractional shares. Example - 100 shares of OCLI will be 185.6 shares of JDSU. What happens to the 0.6 shares? Do we have the opurtunity to contribute the other 0.4 of the price of JDSU at the time of conversion to round up the stock? Do we get 0.6 of the JDSU price in cash? Do they still recgonize fractional shares? Again, this question is probably common knowledge to most if not all of you but I am curious (and ignorant). Thanks in advance for your anticipated answer.
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