Fortive shareholders will receive one Ralliant share for every three shares of Fortive, according to a statement.
Fortive expects "when-issued" trading of Ralliant common stock on the New York Stock Exchange under the ticker RAL WI, starting June 25. "Regular-way" trading of Ralliant shares is expected on June 30, under the symbol RAL.
The company also expanded its share buyback program by 15.63 million shares and declared a special purpose share repurchase program of up to $550 million of common shares from the proceeds of the $1.15 billion pre-separation cash dividend from Ralliant to Fortive.
http://www.mtnewswires.com
Copyright © 2025 MT Newswires. All rights reserved. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.