Fortive to Split Into Two Public Companies: Beneficial for the Stock?

Fortive Corporation (FTV) has announced its plans to pursue a tax-free spin-off of its Precision Technologies segment and form two independent, publicly traded companies with separate business models and investment policies. The spin-off is expected to be completed in the fourth quarter of 2025, pending certain conditions. Post this announcement, the stock gained 3.5% in the pre-market trading hours on Sept. 5. The spin-off will involve pro rata distribution of shares of the new company holding the Precisio ...