Fortive announces strategic plans for separation into two independent public companies

Everett, wash.--(business wire)--fortive corporation (“fortive”) (nyse: ftv) today announced its intention to pursue a tax-free spin-off of its precision technologies segment (“newco”). the planned spin-off will create two independent publicly traded companies, each with focused business models and tailored investment and capital allocation strategies. james a. lico, fortive's president and chief executive officer, stated, “over the last eight years, we've created a more durable, higher-growth.
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