- Agilent (A) plans to separate into two publicly-traded companies: one in life sciences, diagnostics and applied markets that will retain the Agilent name, the other that will be comprised of Agilent's current portfolio of electronic measurement products.
- The separation is expected to occur through a tax-free pro rata spinoff of the EM company to Agilent shareholders.
- The spinoff is not anticipated to impact Agilent's FY 2013 guidance; the company expects to incur one-time charges related to the transaction during the periods preceding the separation, to be quantified at a later date.
- Shares +10.1% premarket.
Agilent to split into two publicly-traded companies
Sep 19 2013, 07:42 ET