Brief: Fortive Announces Strategic Plans For Separation Into Two Independent Public Companies

Fortive

04/09/2024 22:29

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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