Corporate Action - Agilent Technologies

[simpo two]

Anyone know about this? I just had a letter telling me I now have the princely total of three shares in some outfit called Verigy Ltd.... is this good or bad?

[Eric Mc]

Did you apply to buy some shares in this company?

[simpo two]

Eric Mc said:

Did you apply to buy some shares in this company?

I've had some shares for about 6-7 years, now held via TD Waterhouse, who sent me the letter. I only have 25 shares as they were $55 each IIRC. The conversion rate is 0.12 Verigy shares for each Agilent share. I get the sinking feeling my investment has gone 'phut'...

Edited by simpo two on Wednesday 18th October 17:09

[deva link]

You've probably figured that out by now, but Agilent owned a chunk of Verigy (50 Million shares) and they've decided to give them all away to existing Agilent shareholders.

Agilent are fine - shares currently around $35. If you paid $55 then you must have bought during the dot.com boom around 1999/2000.

[simpo two]

deva link said:

You've probably figured that out by now, but Agilent owned a chunk of Verigy (50 Million shares) and they've decided to give them all away to existing Agilent shareholders.

Sounds good, but as I understand it my Agilent shares are being converted to Verigy; it didn't appear as a free handout. I have (will have) just 3 Verigy shares so they'd better be damn expensive!

deva link said:

Agilent are fine - shares currently around $35. If you paid $55 then you must have bought during the dot.com boom around 1999/2000.

Edited by simpo two on Friday 27th October 16:42

[deva link]

simpo two said:

deva link said:

You've probably figured that out by now, but Agilent owned a chunk of Verigy (50 Million shares) and they've decided to give them all away to existing Agilent shareholders.

Sounds good, but as I understand it my Agilent shares are being converted to Verigy; it didn't appear as a free handout. I have (will have) just 3 Verigy shares so they'd better be damn expensive!

It's not very hard to find this info out, it's on Agilent's front page!
But here's the link direct to the announcement:
www.agilent.com/about/newsroom/presrel/2006/17oct-gp06031.html

Edited to add that Verigy shares are around $17, so you've basically been given $50. Selling 3 shares might be an amusing experience, though!

Edited by deva link on Friday 27th October 16:48