Agilent Technologies and Philips Receive Hart-Scott-Rodino Request for Additional Information.Business Editors 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. & AMSTERDAM, The Netherlands--(BUSINESS WIRE)--Feb. 2, 2001--Agilent Technologies Inc. (NYSE NYSE See: New York Stock Exchange :A) and Royal Philips Electronics (AEX AEX See: Amsterdam Exchange :PHI, NYSE:PHG) announced that a request for additional information has been received from the Department of Justice in connection with the pending acquisition by Philips of Agilent's Healthcare Solutions Group. This request has the effect of extending the waiting period under the Hart-Scott-Rodino Act Hart-Scott-Rodino Act Often used in risk arbitrage. Antitrust act administered by U.S. Department of Justice and the FTC that requires an investor to file a form with the government before he acquires an economic interest in the lesser amount of $15 million or 15% of the until 30 calendar days after both parties comply with the request. The European Commission European Commission, branch of the governing body of the European Union (EU) invested with executive and some legislative powers. Located in Brussels, Belgium, it was founded in 1967 when the three treaty organizations comprising what was then the European Community has recently requested additional information as a part of its first phase review. The companies still expect to complete the proposed acquisition in the middle of 2001. This news release contains forward-looking statements (including without limitation, information regarding the expected completion of the proposed acquisition) that involve risks and uncertainties that could cause the results of 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. to differ materially from management's current expectations. These and other risks are detailed in Agilent's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended October 31, 2000, as filed with the Securities and Exchange Commission. About Royal Philips Electronics Royal Philips of the Netherlands is one of the world's biggest electronics companies and Europe's largest, with sales of EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 31.5 billion in 1999. It is a global leader in color television sets, lighting, electric shavers, color picture tubes for televisions and monitors, and one-chip TV products. Its 232,000 employees in more than 60 countries are active in the areas of lighting, consumer electronics, domestic appliances, components, semiconductors and medical systems. Philips is quoted on the NYSE (symbol:PHG), London, Frankfurt, Amsterdam and other stock exchanges. News from Philips is located at www.news.Philips.com About Agilent Technologies Agilent Technologies Inc. (NYSE: A) is a diversified technology company with approximately 47,000 employees serving customers in more than 120 countries. Agilent is a global leader in designing and manufacturing test, measurement and monitoring instruments, systems and solutions, and semiconductor and optical components. In fiscal year 2000, Agilent had net revenue of $10.8 billion. The company serves markets that include communications, electronics, life sciences and healthcare. Information about Agilent Technologies can be found on the Web at www.agilent.com |
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