Loading...
You are here:  Home  >  News  >  Business  >  Current Article

Vontier Announces Pricing of Secondary Equity Offering of Remaining Shares of Common Stock Held by Fortive

By   /  January 14, 2021  /  Comments Off on Vontier Announces Pricing of Secondary Equity Offering of Remaining Shares of Common Stock Held by Fortive

    Print       Email


RALEIGH, N.C.–()–Vontier Corporation (“Vontier”) (NYSE: VNT) today announced the pricing of its previously announced underwritten offering of 33,507,410 shares of its common stock, representing all of the shares of Vontier common stock currently owned by Fortive Corporation (“Fortive”), Vontier’s former parent company, at a price to the public of $33.50 per share. Fortive has agreed to exchange all of the shares of Vontier common stock to be sold in the offering for indebtedness of Fortive owned by Goldman Sachs & Co. LLC. Vontier is not selling any shares and will not receive any proceeds from the sale of the shares in the offering or the debt-for-equity exchange (as described below). The offering is…



Click here to view the original article.

    Print       Email

You might also like...

General Mills Marks Inclusion Milestone

Read More →