Fortive (FTV) Plans for Separation Into Two Independent Public Companies
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Fortive Announces Strategic Plans for Separation Into Two Independent Public Companies
September 4, 2024 4:30 PM EDTSeparation Will Create Two Scaled Companies with Focused Business Models: Fortive to Focus on Resilient, High-Quality Recurring Growth Portfolio and the New Company Comprised of the Precision Technologies Businesses (NewCo) to Focus on Powerful Secular Growth Trends Both Companies to Offer Distinct and Compelling Investment Profiles Leadership Transition Expected at Spin Completion Consistent with Long-term Succession Planning Expects Transaction to be Completed in Q4 2025 Remains Committed to Value-Enhancing Capital Deployment, Prioritizing Share Repurchases Through Completion of Transaction Reaffirms Q3 2024 and Full-Year 2024... More
