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Fortive Corp (FTV) USD0.01

Sell:$86.97 Buy:$86.98 Change: $0.39 (0.45%)
Market closed |  Prices as at close on 21 September 2018 | Switch to live prices |
Ex-dividend | Miscellaneous

Fortive Corp USD0.01

Type:
Miscellaneous
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 13 Sep 2018)

What is happening?

 

Fortive Corp has announced details of an Exchange Offer related to the split-off of its Automation & Specialty platform (‘the A&S Business’). The Exchange Offer gives Shareholders the opportunity to elect to exchange their Fortive Corp Shares to receive Stevens Holding Company Inc (‘Newco’) Shares, a Fortive Corp subsidiary formed to hold the separated A&S Business.

 

Following the split-off of Newco, there will be a Merger whereby Newco will be combined with Altra Industrial Motion Corp (‘Altra’) and Newco Shareholders on the effective date will receive one new Altra Share for each Newco Share held.

 

The Exchange Offer is designed to permit Fortive Corp Shareholders to exchange all, or some, of their Fortive Corp Shares for Newco Shares (which will convert into Altra Shares) at a discount of 8% to the Altra Share Value, subject to an upper limit of 2.3203 Newco Shares for every Fortive Corp Share exchanged.

 

The exchange ratio is expected to be calculated using the Volume Weighted Average Prices (VWAPs) of Fortive Corp and Altra Shares on each of three valuation dates ending on the third trading day preceding the expiration date of the Exchange Offer, subject to the exchange ratio upper limit of 2.3203 Newco Shares for every Fortive Corp Share exchanged.

 

What are my options?

 

Option 1 – Offer to exchange a number of Shares. If you wish to exchange all, or some, of your Fortive Corp Shares then your instruction must be received by our deadline of noon on Friday 21 September 2018.

 

Option 2 – Take no action. Shareholders are not obliged to exchange any number of Shares. If you do not return an instruction no Shares will be submitted for exchange on your behalf and your Fortive Corp holding will remain unchanged.

 

Any instruction to exchange all, or some, of your Fortive Corp Shares must be received in this office by our deadline of noon on Friday 21 September 2018.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown Clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

 

 

×
Sell:$86.97
Buy:$86.98
Change: $0.39 (0.45%)
Deal now Deal for just £11.95 per trade in a ISA, Lifetime ISA, SIPP or Fund & Share Account
Market closed |  Prices as at close on 21 September 2018 | Switch to live prices |
Ex-dividend | Miscellaneous

Fortive Corp USD0.01

Type:
Miscellaneous
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 13 Sep 2018)

What is happening?

 

Fortive Corp has announced details of an Exchange Offer related to the split-off of its Automation & Specialty platform (‘the A&S Business’). The Exchange Offer gives Shareholders the opportunity to elect to exchange their Fortive Corp Shares to receive Stevens Holding Company Inc (‘Newco’) Shares, a Fortive Corp subsidiary formed to hold the separated A&S Business.

 

Following the split-off of Newco, there will be a Merger whereby Newco will be combined with Altra Industrial Motion Corp (‘Altra’) and Newco Shareholders on the effective date will receive one new Altra Share for each Newco Share held.

 

The Exchange Offer is designed to permit Fortive Corp Shareholders to exchange all, or some, of their Fortive Corp Shares for Newco Shares (which will convert into Altra Shares) at a discount of 8% to the Altra Share Value, subject to an upper limit of 2.3203 Newco Shares for every Fortive Corp Share exchanged.

 

The exchange ratio is expected to be calculated using the Volume Weighted Average Prices (VWAPs) of Fortive Corp and Altra Shares on each of three valuation dates ending on the third trading day preceding the expiration date of the Exchange Offer, subject to the exchange ratio upper limit of 2.3203 Newco Shares for every Fortive Corp Share exchanged.

 

What are my options?

 

Option 1 – Offer to exchange a number of Shares. If you wish to exchange all, or some, of your Fortive Corp Shares then your instruction must be received by our deadline of noon on Friday 21 September 2018.

 

Option 2 – Take no action. Shareholders are not obliged to exchange any number of Shares. If you do not return an instruction no Shares will be submitted for exchange on your behalf and your Fortive Corp holding will remain unchanged.

 

Any instruction to exchange all, or some, of your Fortive Corp Shares must be received in this office by our deadline of noon on Friday 21 September 2018.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown Clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

 

 

×
Sell:$86.97
Buy:$86.98
Change: $0.39 (0.45%)
Market closed |  Prices as at close on 21 September 2018 | Switch to live prices |
Ex-dividend | Miscellaneous

Fortive Corp USD0.01

Type:
Miscellaneous
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 13 Sep 2018)

What is happening?

 

Fortive Corp has announced details of an Exchange Offer related to the split-off of its Automation & Specialty platform (‘the A&S Business’). The Exchange Offer gives Shareholders the opportunity to elect to exchange their Fortive Corp Shares to receive Stevens Holding Company Inc (‘Newco’) Shares, a Fortive Corp subsidiary formed to hold the separated A&S Business.

 

Following the split-off of Newco, there will be a Merger whereby Newco will be combined with Altra Industrial Motion Corp (‘Altra’) and Newco Shareholders on the effective date will receive one new Altra Share for each Newco Share held.

 

The Exchange Offer is designed to permit Fortive Corp Shareholders to exchange all, or some, of their Fortive Corp Shares for Newco Shares (which will convert into Altra Shares) at a discount of 8% to the Altra Share Value, subject to an upper limit of 2.3203 Newco Shares for every Fortive Corp Share exchanged.

 

The exchange ratio is expected to be calculated using the Volume Weighted Average Prices (VWAPs) of Fortive Corp and Altra Shares on each of three valuation dates ending on the third trading day preceding the expiration date of the Exchange Offer, subject to the exchange ratio upper limit of 2.3203 Newco Shares for every Fortive Corp Share exchanged.

 

What are my options?

 

Option 1 – Offer to exchange a number of Shares. If you wish to exchange all, or some, of your Fortive Corp Shares then your instruction must be received by our deadline of noon on Friday 21 September 2018.

 

Option 2 – Take no action. Shareholders are not obliged to exchange any number of Shares. If you do not return an instruction no Shares will be submitted for exchange on your behalf and your Fortive Corp holding will remain unchanged.

 

Any instruction to exchange all, or some, of your Fortive Corp Shares must be received in this office by our deadline of noon on Friday 21 September 2018.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown Clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

 

 

×
Deal now Deal for just £11.95 per trade in a ISA, Lifetime ISA, SIPP or Fund & Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Open:
$87.95
Trade high:
$88.34
Year high:
$87.86
Market capitalisation
Market cap.
:
$30.51 bn
Previous close:
$87.37
Trade low:
$86.76
Year low:
$69.04
Shares in issue
Shares
:
349.15 m
Previous:
$1.38 (1.60%)
Previous:
$1.38
Volume:
n/a
Dividend yield:
0.32%
Currency:
USD
Data delayed by at least 15 minutes.
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Important Documents

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Dividend information for this stock is not available.

Dividend information for this stock is not available.

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by Reuters. Charts provided by Factset. 'Broker forecast' and 'Recent trades' provided by MoneyAM. News and fundamental data provided by Digital Look. Exchange disclaimer
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The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

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