"A" for every 1 share of HWP you own on May 1st, 2000 as I understand it. The balance of the .62 shares would be HWP. The only way you can get "A" shares prior to May 1, 2000 would be if you were to buy shares of "A" on your own or at IPO price if you are lucky. If anybody has information otherwise, please post.
Didihala's question was what do HWP shareholders get when Agilent goes IPO and the answer is - nothing. Of course, HWP shareholders are free to try to buy IPO shares just like anyone else, but they have no special privileges.
Can't comment on what will happen on the distribution date, but I didn't think that was the question. Just wanted to clarify and make sure no one out there thought they were getting anything on the IPO date just for being a current HWP shareholder.
have done well with spin-offs. In fact, the only stock that has done well for me this year (real well) is VoiceStream (VSTR) which was a spin-off from Southern Bell. It went IPO at $22 and I was able to scoop it up (April I think) at less than IPO price (paid $19.25). Now trading close to $100.00. All the other stocks I have played with this year have gotten crushed - mostly internets. Theoretically, "A" should do well, especially in lieu of its diversification in life sciences, measurement, telecoms, internet, etc. "A" can pretty much concentrate where ever it wants. "A"'s management is saying the "A" stands for more than just Agilent - Accountability. I'm giving the ranks one year to put there money where their mouth is - otherwise - I'm outta here. Got 1000 shares allocated via a Dean-Whitter connection. Good luck!
release on the terms of "A"'s IPO. After discussing the terms contained in the url listed below with a knowledgeable source, their interpretation is .38 shares of "A" for every one of HWP. The explanation I was given made alot of sense to me - but I have not seen any solid reference or exact number either. Therefore, the .38 number is an educated guess...