Verigy Ltd. announces initial public offering
All of the shares are being sold by Verigy Ltd. The company has granted the underwriters an option to purchase an additional 1,275,000 shares to cover over-allotments, if any. The offering is expected to close on June 16, 2006.
After the offering, Verigy will have approximately 58.5 million ordinary shares outstanding, with Agilent owning approximately 85.5 percent of those shares. Agilent has announced that it plans to distribute the Verigy ordinary shares it holds to the holders of Agilent's common stock by October 31, 2006, the end of its fiscal year. The exact distribution formula and record date to qualify for the distribution will be determined at a future date.
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