Agilent Technologies Spins Off Its Electronic Measurement Business, Keysight Technologies
03 Noviembre 2014 - 7:30AM
Business Wire
Agilent Technologies Inc. (NYSE: A) today announced it has
completed the spinoff of its electronic measurement business,
Keysight Technologies. Keysight will begin trading on the New York
Stock Exchange today under the symbol KEYS.
The separation was implemented through a spinoff of Keysight’s
common stock and is intended to be tax-free for U.S. federal income
tax purposes. On Nov. 1, 2014, in a special dividend distribution
of all outstanding shares of Keysight’s common stock, Agilent
shareholders received one share of Keysight common stock for every
two shares of Agilent common stock held as of close of business
Oct. 22, 2014.
Agilent announced plans to separate into two independent,
publicly traded companies on Sept. 19, 2013. The company said at
the time that its businesses had evolved into two distinct
investment and business opportunities. Agilent is now a global
leader in life sciences, diagnostics and applied chemical markets.
Keysight is the market leader in electronic measurement. As
previously announced, Ron Nersesian is president and CEO of
Keysight.
“The completion of this separation and the creation of Keysight
Technologies will provide excellent shareholder value by sharpening
the focus of each company and allowing Agilent and Keysight to
pursue their individual growth strategies,” said Agilent CEO Bill
Sullivan. “We wish our colleagues at Keysight continued success as
leaders in electronic measurement.”
“Agilent is also relaunching itself with a strengthened focus on
life sciences, diagnostics and applied markets,” said Agilent
President and Chief Operating Officer Mike McMullen. “We are
excited about the promise of the ‘new Agilent.’ We are in the right
markets, and our technologies, products, software, services,
consumables and, most of all, talented teams empower our laboratory
customers in improving the human condition and the quality of
life.”
McMullen will assume the role of Agilent CEO in March 2015 when
Sullivan, who has announced he will retire at the end of FY15,
becomes an advisor to the company.
About Agilent Technologies
Agilent Technologies Inc. (NYSE: A), a global leader in life
sciences, diagnostics and applied chemical markets, is the premier
laboratory partner for a better world. Agilent works with customers
in more than 100 countries, providing instruments, software,
services and consumables for the entire laboratory workflow.
Agilent generated revenues of $3.9 billion in fiscal 2013. The
company employs about 11,000 people worldwide. Information about
Agilent is available at www.agilent.com.
Forward-Looking Statements
This news release contains forward-looking statements as defined
in the Securities Exchange Act of 1934 and is subject to the safe
harbors created therein. The forward-looking statements contained
herein include, but are not limited to, information regarding the
separation of Agilent’s electronic measurement business; future
revenues, earnings and profitability; the future demand for the
company’s products and services; and customer expectations. These
forward-looking statements involve risks and uncertainties that
could cause Agilent’s results to differ materially from
management’s current expectations. Such risks and uncertainties
include, but are not limited to, unforeseen changes in the strength
of our customers’ businesses; unforeseen changes in the demand for
current and new products, technologies, and services; customer
purchasing decisions and timing, and the risk that we are not able
to realize the savings expected from integration and restructuring
activities.
In addition, other risks that Agilent faces include those
detailed in Agilent’s filings with the Securities and Exchange
Commission, including our latest Form 10-K and Form 10-Q.
Forward-looking statements are based on the beliefs and assumptions
of Agilent’s management and on currently available information.
Agilent undertakes no responsibility to publicly update or revise
any forward-looking statement.
NOTE TO EDITORS: Further technology, corporate citizenship and
executive news is available at www.agilent.com/go/news.
Agilent Technologies Inc.EDITORIAL CONTACT:Michele Drake, +1
408-345-8396michele_drake@agilent.comorINVESTOR CONTACT:Alicia
Rodriguez, +1 408-345-8948alicia_rodriguez@agilent.com
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