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Finisar to recognize gain on sale of interest in Sensors Unlimited

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.

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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.


Fri Sep 09 08:52:00 CDT 2005



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