SEPTEMBER 9--Finisar (Sunnyvale, CA; www.finisar.com), a technology leader in gigabit fiberoptic solutions for high-speed data networks, will recognize a gain of approximately $12 million on the sale of its minority interest in Sensors Unlimited (Princeton, NJ; www.sensorsinc.com), pending the closing of the acquisition of Sensors Unlimited by Goodrich (Charlotte, NC; www.goodrich.com.
Goodrich announced on September 6, 2005, that it has entered into a definitive agreement to merge with Sensors Unlimited for $60 million in cash, and the transaction is expected to close in the fourth quarter of 2005. The transaction is subject to approval by US regulatory agencies.
