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Technology Stocks : Agilent Technologies (A)
A 143.25-1.8%Oct 29 3:59 PM EDT

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From: Sr K9/19/2013 8:17:05 AM
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7:30AM Agilent to separate into two public companies; spinoff is not anticipated to impact co's guidance for fiscal year 2013 ( A) 49.32 : Co announced plans to separate into two publicly traded companies: one in life sciences, diagnostics and applied markets (LDA) that will retain the Agilent name, and the other that will be comprised of Agilent's current portfolio of electronic measurement (EM) products. The separation is expected to occur through a tax-free pro rata spinoff of the EM company to Agilent shareholders.

New Agilent's FY13 est revs are $3.9 bln. It is expected that the new Agilent will continue to pay a dividend at least at the present yield. The new EM co's FY13 est revs are $2.9 bln. The EM company initially is not expected to pay a dividend. The spinoff is not anticipated to impact Agilent's guidance for fiscal year 2013. The co is expected to incur one-time charges related to the transaction during the periods preceding the separation, to be quantified at a later date.
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