8-KOther Events

AGILENT TECHNOLOGIES, INC. 8-K Report, Corporate Update (May 13, 2010)

Filed May 13, 2010For Securities:A

Summary

Agilent Technologies, Inc. (Agilent) has announced a significant step forward in its proposed acquisition of Varian, Inc. The European Commission has confirmed that the conditions for its prior clearance decision have been met, paving the way for the transaction to proceed. This development is a positive indicator for investors, signifying progress on a key strategic initiative for Agilent. The merger's closing is now primarily contingent upon receiving approval from the United States Federal Trade Commission (FTC) and the satisfaction of other customary closing conditions. Agilent anticipates the transaction will close promptly following FTC clearance. Investors should closely monitor the FTC's review process as it represents the final major hurdle for this significant acquisition.

Key Highlights

  • 1European Commission has confirmed satisfaction of conditions for its prior clearance of Agilent's acquisition of Varian, Inc.
  • 2The acquisition of Varian, Inc. by Agilent is moving closer to completion.
  • 3The closing of the merger is now primarily dependent on U.S. Federal Trade Commission (FTC) approval.
  • 4Other customary closing conditions must also be satisfied or waived for the merger to close.
  • 5Agilent expects the merger to close promptly after receiving FTC clearance.

Frequently Asked Questions

The main update is that the European Commission has confirmed that the conditions for its January 10, 2010 clearance decision for Agilent's acquisition of Varian, Inc. have now been met.

The primary remaining condition is regulatory approval from the United States Federal Trade Commission (FTC). Additionally, other customary closing conditions must be satisfied or waived.

Agilent expects the merger to close promptly after receiving clearance from the U.S. Federal Trade Commission (FTC).

Yes, the filing notes that the satisfaction of closing conditions could take longer than anticipated, which is a risk that could cause actual results to differ from management's current expectations.