SUNNYVALE, CA, Jan. 26 -- Finisar Corp. and Honeywell International Inc. announced today that they have entered into a definitive agreement in which Finisar has agreed to acquire Honeywell's VCSEL Optical Products business, based in Richardson, Texas, for approximately $75 million in cash. The transaction is subject to applicable regulatory approvals and other closing conditions and is expected to close in the first calendar quarter of 2004. Finisar said it expects to continue to operate the business at the Richardson facility. 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