Danaher spins off Fortive (2016)
Industrial conglomerate Danaher split off its test, measurement, and industrial-technology businesses into a new public company, Fortive. Danaher shareholders received Fortive stock in a tax-free distribution. Each company then focused on a narrower set of markets.
Both stocks traded separately, and investors could value each business on its own terms.
Fortive itself later spun off another unit, Vontier, showing how breakups can cascade as managers chase focus.
Like Midera, Fortive was carved out of a serial acquirer trying to shed a conglomerate discount through a clean tax-free spin-off.
