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Fortive Corp (FTV.N)

FTV.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Fortive Commences Split-Off Exchange Offer For Its Automation And Specialty Business
Tuesday, 28 Aug 2018 

Aug 28 (Reuters) - Altra Industrial Motion Corp ::FORTIVE - NEWCO HOLDERS BEFORE COMBINATION & NEWCO EMPLOYEES EXPECTED TO OWN ABOUT 54 PERCENT ALTRA SHARES AFTER COMBINATION.FORTIVE COMMENCES SPLIT-OFF EXCHANGE OFFER FOR ITS AUTOMATION AND SPECIALTY BUSINESS IN CONNECTION WITH ALTRA TRANSACTION.FORTIVE - TENDERING FORTIVE STOCKHOLDERS EXPECTED TO GET ABOUT $108.70 OF ALTRA COMMON STOCK FOR EVERY $100 OF FORTIVE COMMON STOCK TENDERED.FORTIVE CORP - EXPECTS TO ISSUE 35 MILLION SHARES OF NEWCO STOCK IN EXCHANGE OFFER.FORTIVE CORP - EXCHANGE OFFER AND WITHDRAWAL RIGHTS SCHEDULED TO EXPIRE ON SEPT 26.  Full Article

Fortive Corp Enters Into A Credit Agreement With Bank Of America, N.A.
Wednesday, 22 Aug 2018 

Aug 22 (Reuters) - Fortive Corp ::FORTIVE CORP SAYS ENTERED INTO A CREDIT AGREEMENT WITH BANK OF AMERICA, N.A., AS ADMINISTRATIVE AGENT, AND A SYNDICATE OF LENDERS .FORTIVE CORP SAYS CREDIT AGREEMENT PROVIDES FOR A 364-DAY DELAYED-DRAW TERM LOAN FACILITY IN AGGREGATE PRINCIPAL AMOUNT OF $1,750 MILLION.  Full Article

Fortive To Acquire Accruent For About $2.0 Bln In Cash
Tuesday, 31 Jul 2018 

July 31 (Reuters) - Fortive Corp ::FORTIVE TO ACQUIRE ACCRUENT FOR APPROXIMATELY $2.0 BILLION IN CASH.FORTIVE TO ACQUIRE ACCRUENT FOR APPROXIMATELY $2.0 BILLION IN CASH.FORTIVE - DEAL EXPECTED TO BE ACCRETIVE TO FREE CASH FLOW AND EARNINGS IN 2019.FORTIVE CORP - DEAL WILL BE FINANCED WITH AVAILABLE CASH AND PROCEEDS FROM BORROWINGS.FORTIVE CORP - DEAL WILL BE FINANCED WITH AVAILABLE CASH AND PROCEEDS FROM BORROWINGS.FORTIVE CORP - EXPECTS ACCRUENT TO GENERATE APPROXIMATELY $270 MILLION OF REVENUE IN 2018.FORTIVE CORP - ANNOUNCED COMPLETION OF ITS ACQUISITION OF GORDIAN.FORTIVE CORP - ACCRUENT WILL BECOME PART OF FORTIVE'S FIELD SOLUTIONS PLATFORM WITHIN FORTIVE'S PROFESSIONAL INSTRUMENTATION SEGMENT.FORTIVE CORP - ENTERED INTO A DEFINITIVE AGREEMENT WITH GENSTAR CAPITAL TO ACQUIRE ACCRUENT.  Full Article

Fortive posts Q3 earnings per share $0.76
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Fortive Corp :Fortive reports third quarter 2017 results.Sees Q4 2017 adjusted earnings per share $0.74 to $0.78.Sees FY 2017 adjusted earnings per share $2.82 to $2.86.Sees FY 2017 earnings per share $2.69 to $2.73.Sees Q4 2017 earnings per share $0.69 to $0.73.Q3 earnings per share $0.76.Q3 revenue $1.7 billion versus I/B/E/S view $1.66 billion.Q3 earnings per share view $0.73 -- Thomson Reuters I/B/E/S.  Full Article

Deals of the day-Mergers and acquisitions

July 31 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday: