SANTA CLARA, Calif., Oct 31, 2006 (BUSINESS WIRE) -- Agilent Technologies Inc. (NYSE:A) today completed the separation
of Verigy Ltd. (NASDAQ:VRGY). As previously announced, Agilent
distributed to its shareholders 0.122435 of an ordinary share of
Verigy for each share of Agilent owned as of 5 p.m. ET on the Oct. 16,
2006, record date.
"Completing this distribution marks a major milestone for both
Agilent and Verigy," said Bill Sullivan, Agilent president and CEO.
"For Agilent, it also represents the final step in our company's
transformation into a pure-play measurement company, which we
committed to achieve by the end of our 2006 fiscal year."
Agilent has now distributed all of the Verigy shares it owned -- a
total of 50 million shares. This represents approximately 85 percent
of Verigy's total shares outstanding. Agilent shareholders of record
are receiving whole shares of Verigy and cash in lieu of any
fractional Verigy shares, in each case, to which they are entitled.
Agilent sent an information statement regarding the distribution
to its shareholders earlier in October. The information statement is
also posted on Agilent's investor Web site at
www.investor.agilent.com.
About Agilent Technologies
Agilent Technologies Inc. (NYSE:A) is the world's premier
measurement company and a technology leader in communications,
electronics, life sciences and chemical analysis. The company's 18,500
employees serve customers in more than 110 countries. Agilent had net
revenue of $5.1 billion in fiscal year 2005. Information about Agilent
is available on the Web at www.agilent.com.
NOTE TO EDITORS: Further technology, corporate citizenship and
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SOURCE: Agilent Technologies Inc.
Agilent Technologies Inc.
Michele Drake, +1 408-345-8396 (Editorial)
michele_drake@agilent.com
Hilliard Terry, +1 408-345-8529 (Investors)
hilliard_terry@agilent.com