Seeking Alpha

Agilent to split into two publicly-traded companies

  • 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.
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