Fortive urges shareholders to reject TRC Capital mini-tender offer at $75/sh, 4.93% below market

Fortive Corp

TRC Capital offers to buy up to 1.5M Fortive shares (0.44% of outstanding) at $75.00/sh, a 4.93% discount to Dec 6 close.
Fortive recommends shareholders reject the offer and withdraw any tendered shares before the Jan 9, 2025 expiration.
TRC made a similar mini-tender offer for Fortive shares in 2021 and has made offers for other public companies.
The SEC warns mini-tender offers often at below-market prices; Fortive urges investors to check current market price.

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