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Fortive Announces Strategic Plans For Separation Into Two Independent Public Companies



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Sept 4 (Reuters) -Fortive Corp FTV.N:

  • FORTIVE ANNOUNCES STRATEGIC PLANS FOR SEPARATION INTO TWO INDEPENDENT PUBLIC COMPANIES

  • FORTIVE CORP - REAFFIRMS Q3 2024 AND FULL-YEAR 2024 OUTLOOK

  • FORTIVE CORP - EXPECTS TRANSACTION TO BE COMPLETED IN Q4 2025

  • FORTIVE CORP - ANNOUNCES PLANS TO SEPARATE INTO TWO PUBLIC COMPANIES

  • FORTIVE CORP - AT COMPLETION OF SPIN-OFF, JAMES A. LICO WILL RETIRE AS PRESIDENT AND CEO AND AS A DIRECTOR

  • FORTIVE CORP - CHUCK E. MCLAUGHLIN WILL RETIRE AS CFO BY END OF Q1 OF 2025

  • FORTIVE - BETWEEN NOW &COMPLETION OF SPIN-OFF DEAL,CO EXPECTS TO UTILIZE ABOUT 75% OF AVAILABLE FREE CASH FLOW TO FUND INCREMENTAL SHARE REPURCHASES

  • FORTIVE CORP - UPON LICO'S RETIREMENT, OLUMIDE SOROYE, WILL BE APPOINTED AS PRESIDENT, CEO, AND A DIRECTOR OF FORTIVE

  • FORTIVE CORP: EXPECTS SHARE REPURCHASE PROGRAM WILL ENHANCE ITS EPS GROWTH IN 2025

Source text for Eikon: ID:nBw2vtB4Pa

Further company coverage: FTV.N


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