Fortive To Separate Into Two Public Companies
Fortive(FTV) Forbes·2024-09-21 00:45(Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images)LightRocket via Getty ImagesDeal OverviewOn September 04, 2024, Fortive Corporation (NYSE: FTV, 26.52 billion) announced its plans to spin-off its Precision Technologies segment (“NewCo”). The spin-off will result in the formation of two separate publicly traded companies, each with distinct business models and customized investment and capital allocation strategies.Post separation, Fortive (stub) will includ ...