Jun 01, 2001 1, 2001
Royal Philips Electronics (AEX: PHI, NYSE: PHG) and Agilent
Technologies Inc. (NYSE: A) announced today that the U.S. Department
of Justice has decided to allow the acquisition of Agilent's
Healthcare Solutions Group by Philips to proceed without challenge.
The parties are working to close the transaction as soon as
possible.
Agilent will present financial data showing HSG as a discontinued
operation at the filing when it files its Form 10-Q for the quarter
ended April 30, 2001 with the Securities and Exchange Commission in
June 2001.
For further information:
Andre Manning, Philips Corporate Communications, Tel: +31 20 5977199
Amy Flores, Agilent Corporate, Tel: +1 650 752 5303
Heidi Wilson, Agilent's Healthcare Solutions Group, Tel: +1 978 659
7302
Safe Harbor Statement
This news release contains forward-looking statements, including
without limitation statements relating to completion of the
transaction, future business strategies, that involve risks and
uncertainties that could cause results of Agilent Technologies to
differ materially from management's current expectations. These risks
are detailed in Agilent's Annual Report on Form 10-K for the year
ended October 31, 1999, and its Quarterly Report on Form 10-Q for the
quarter ended July 31, 2000, as filed with the Securities and Exchange
Commission.
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