D.C.-based Danaher Corp., a conglomerate billed as “a global science and technology innovator” that earned more than $20 billion in revenue in 2015, has begun the process to splitting into two.
According to The Washington Post, the company began formalizing the split last week, with Danaher shareholders receiving one share of the spinoff, named Fortive Corp., for every two shares of Danaher.
Analysts said the split will likely allow the two companies to be more nimble in their growth strategies, according to the report.
