Agilent to Sell Chip Unit

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Agilent Technologies Inc. on Monday agreed to sell its semiconductor unit and its stake in a lighting technology firm in deals valued at about a combined $3.6 billion to focus on its measurement business.


Private equity firms Kohlberg Kravis Roberts & Co. and Silver Lake Partners will pay about $2.66 billion for the semiconductor business, while the Netherlands’s Royal Philips Electronics will buy out Agilent’s 47 percent stake in Lumileds Lighting to for about $950 million, plus the repayment of about $50 million of debt from Lumileds.


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