Agilent Technologies to call $1.15 billion convertible debentures

By Jennifer Chiou

New York, Aug. 15 - Agilent Technologies Inc. announced plans to redeem its $1.15 billion convertible debentures.

The company said the redemption potentially will reduce its outstanding shares by 36 million.

Agilent also said it will start a $4 billion share repurchase program to return to shareholders proceeds from the $2.66 billion sale of its semiconductor products division to Kohlberg Kravis Roberts & Co. and Silver Lake Partners.

The Palo Alto, Calif., diversified technology company provides communications and electronics services.

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