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Vontier Corporation is a global industrial technology company serving the mobility ecosystem with productivity, automation and multi-energy technologies. News about VNT commonly covers operating results, portfolio actions, sustainability reporting and products from businesses such as Driivz, ANGI Energy, Gasboy, DRB and Teletrac Navman.
Company updates also address EV charging software, energy management, CNG and RNG compression and dispensing systems, fueling operations, fleet technology, car wash point-of-sale tools, material agreements, governance matters and capital-structure activity.
Vontier Corporation (NYSE: VNT) has priced its underwritten offering of 33,507,410 shares of common stock at $33.50 per share, all from Fortive Corporation, its former parent. Vontier will not receive any proceeds from this offering, which is expected to close on January 19, 2021. Following this transaction, Fortive will no longer hold any shares of Vontier stock. The offering is being managed by Goldman Sachs, Citigroup, and Evercore, among others, with necessary documentation filed with the SEC.
Vontier Corporation (NYSE: VNT) announced an underwritten offering of 33,507,410 shares of common stock, owned entirely by Fortive Corporation, Vontier's former parent. Vontier will not sell any shares or receive proceeds from this transaction. Fortive plans to exchange these shares for its indebtedness held by Goldman Sachs, which will act as the selling stockholder. Major underwriters include Goldman Sachs, Citigroup, and Evercore Group. The SEC has declared the related registration statement effective, but this announcement does not constitute an offer to sell.