Fortive completed the acquisition of an 80% stake in Vontier for $4.6bn.

Fortive, a diversified industrial growth company, completed the acquisition of an 80% stake in Vontier, a global industrial technology company focused on transportation and mobility solutions, for $4.6bn. As a result of the dividend, Fortive shareholders will receive two shares of Vontier common stock for every five shares of Fortive common stock they hold. Fractional shares of Vontier common stock will not be distributed to Fortive shareholders. Instead, the fractional shares of Vontier common stock will be aggregated and sold in the open market, with the net proceeds distributed pro rata in cash payments to the Fortive shareholders who otherwise would have received fractional shares of Vontier common stock.