Agilent Technologies' IPO Priced At $30 Per Share.PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif.--(BUSINESS WIRE)--Nov. 17, 1999-- Agilent Technologies This article needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. , Inc. today announced that its initial public offering of 72 million shares of common stock was priced at $30 per share. Agilent Technologies' shares are expected to be listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. tomorrow under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors "A." Agilent Technologies is a diversified technology company that provides enabling solutions to high-growth markets in the communications, electronics, life sciences and healthcare industries. Agilent Technologies comprises businesses and the related portions of Hewlett-Packard Laboratories that have been separated from HP. Agilent Technologies is a global leader in designing and manufacturing test, measurement and monitoring instruments, systems and solutions, and semiconductor products and optical components. Of the total public offering, 57.6 million shares are being offered in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada, and 14.4 million are being offered outside the United States and Canada. Net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). from the offering are expected to be approximately $2.1 billion. The net proceeds of the offering will be paid to HP as a dividend. After the offering, Agilent will have approximately 452 million common shares outstanding, with HP owning approximately 84.1 percent of those shares. HP has announced that it currently plans to divest its ownership interest in Agilent by mid-2000 by distributing all of the shares of Agilent common stock owned by HP to the holders of HP's common stock. The exact distribution formula and record date to qualify for the distribution will be determined at a future date. Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. Dean Witter Dean Witter may refer to:
Copies of the prospectus relating to this offering may be obtained by writing to or telephoning the underwriters: Morgan Stanley Dean Witter 1585 Broadway New York, NY 10036 212/761-4000 Goldman, Sachs & Co. 85 Broad Street New York, NY 10004 212/902-1000 This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. About Agilent Technologies Agilent Technologies is a diversified technology company, resulting from Hewlett-Packard Company's plan to strategically realign re·a·lign tr.v. re·a·ligned, re·a·lign·ing, re·a·ligns 1. To put back into proper order or alignment. 2. To make new groupings of or working arrangements between. itself into two fully independent companies. With 42,000 employees serving customers in more than 120 countries, Agilent Technologies is a global leader in designing and manufacturing test, measurement and monitoring instruments, systems and solutions, and semiconductor and optical components. The company serves markets that include communications, electronics, life sciences and healthcare. The businesses comprising Agilent Technologies had net revenue of nearly $8 billion in fiscal year 1998. |
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