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Tools maker Fortive to buy radiation safety co Landauer for $770 mln
September 6, 2017 / 12:19 PM / 15 days ago

Tools maker Fortive to buy radiation safety co Landauer for $770 mln

Sept 6 (Reuters) - Fortive Corp, which makes industrial tools, said on Wednesday it would buy Landauer Inc , a provider of radiation safety and outsourced medical physics services, for about $770 million, including debt.

Fortive offered $67.25 per Landauer share in cash, representing a 9.6 percent premium to the stock’s closing price on Tuesday. (Reporting by Arunima Banerjee in Bengaluru; Editing by Savio D‘Souza)

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