Fortive $2.8 billion acquisition of Johnson & Johnson's sterilization business

Overview:

• Conglomerate Fortive has made a $2.8 billion binding offer for Johnson & Johnson's sterilization business. 
• Johnson & Johnson has 120 days to accept the offer.
• If the offer is accepted, the deal would be expected to close by early 2019. 
• Goldman Sachs acted as financial adviser for Fortive. 

Kurt Stumpo - Journalist