Danaher is in the process of splitting into two entities, with the Danaher's spin-off, Fortive, taking on some of the company's segments, according to Washington Business Journal.
Here are four points:
1. Per the split, Danaher shareholders will obtain one Fortive share for every two Danaher shares.
2. Danaher will maintain its life sciences, diagnostics, dental, water quality and product identification segments, with Fortive taking on the test and measurement, industrial technologies and petroleum segments.
3. Following the split, Danaher will be known as New Danaher, and Fortive will have headquarters in Everett, Wash. Fortive will start trading July 5 on the New York Stock Exchange.
4. Last week, Washington Business Journal featured Danaher in a profile as one of Washington, D.C.'s "largest and most inconspicuous companies."
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