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Fortive ( (FTV) ) has shared an announcement.
Fortive Corporation has advised its shareholders to reject an unsolicited mini-tender offer from TRC Capital Investment Corporation, which seeks to purchase 1,500,000 shares at a price below the current market value. The company emphasizes that these offers often bypass investor protections and urges shareholders to exercise caution, referencing similar past offers by TRC and the SEC’s warnings about mini-tender offers. Fortive recommends shareholders to withdraw any shares already tendered to TRC and consult with financial advisors.
More about Fortive
Fortive is a provider of essential technologies for connected workflow solutions across various end-markets. The company operates through strategic segments including Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. Fortive’s businesses are involved in the design, development, service, manufacturing, and marketing of professional and engineered products, software, and services. The company is headquartered in Everett, Washington, and employs over 18,000 people worldwide.
YTD Price Performance: 4.82%
Average Trading Volume: 2,433,366
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $26.67B
For detailed information about FTV stock, go to TipRanks’ Stock Analysis page.
