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Simpson Thacher recently represented Agilent Technologies, Inc. and Verigy Ltd. in conjunction with the separation of Agilent’s semiconductor test business from Agilent into Verigy, a newly formed entity organized under the laws of Singapore, and the subsequent initial public offering of approximately 8.6 million of Verigy’s ordinary shares. Goldman, Sachs & Co. acted as lead manager of the offering, Credit Suisse Securities (USA) LLC acted as co-lead manager, and Cowen and Company, LLC and Thomas Weisel Partners LLC acted as co-managers. On a post-offering basis, Agilent holds ordinary shares representing approximately 85.2% of Verigy’s outstanding share capital. Agilent intends to distribute the remaining Verigy ordinary shares that it holds to its stockholders by the end of its fiscal year, October 31, 2006.

Agilent is the world’s premier measurement company and a technology leader in communications, electronics, life sciences and chemical analysis. Verigy designs, develops, manufactures and sells advanced test systems and solutions for the semiconductor industry.

The Simpson Thacher team working on the transaction includes: Bill Hinman, Gregory King, Jamie Evans and Matt Einbinder (Corporate); Jeff Ostrow and Daniel Frommer (IP); Ken Edgar and Aimee Adler (Employee Benefits); and Jessie Redden (Corporate Paralegal).