Landauer to be acquired by Fortive in all-cash deal valued at about $770 million

Landauer Inc. shares rose 2% premarket after the provider of environmental radiation measurement and monitoring services said it has agreed to be acquired by Fortive Corp. in a deal with a total transaction value of about $770 million. Fortive, a diversified industrial company, will pay $67.25 per share in cash per Landauer stock. The deal is expected to close by year-end. Landauer shares have gained 28% in 2017, while Fortive shares have gained 22%. The S&P 500 has gained 9.8% in the same period.

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