Corporate Action - Agilent Technologies
Discussion
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
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.
Agilent are fine - shares currently around $35. If you paid $55 then you must have bought during the dot.com boom around 1999/2000.
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
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
Gassing Station | Business | Top of Page | What's New | My Stuff