Keysight completes separation from Agilent
Keysight Technologies has announced that its separation from Agilent Technologies has been completed. The independent company (formerly Agilent Test and Measurement) will begin "˜regular-way' trading on the New York Stock Exchange (NYSE) today under the ticker symbol KEYS.
"Today marks a major milestone for Keysight as we begin the next phase of our journey. As an independent company, the top opportunities within the electronic measurement market are now the top opportunities for Keysight," said Ron Nersesian, Keysight president and CEO.
"With a 75-year heritage of market and technology leadership and our strong business model, we look forward to delivering superior value to our customers and shareholders."
Keysight's separation from Agilent occurred on November 1, 2014 through a distribution of 100 percent of the outstanding common stock of Keysight to Agilent shareholders of record as of the close of business on October 22, 2014.
Agilent shareholders of record received one share of Keysight common stock for every two shares of Agilent common stock they held. Approximately 167.5 million shares of Keysight common stock were distributed on November 1, 2014 to Agilent shareholders.
Based in Santa Rosa, California, Keysight serves the wireless communications, aerospace and defence and semiconductor markets with hardware, software and services for test, measurement and design. The company had revenues of $2.9 billion in fiscal year 2013, employs 9,700 people and has 12 R&D centres around the world
