RNSHY - Danaher-Fortive combo could make play for Renishaw - Bloomberg

Danaher (DHR) and Fortive (FTV) is considering teaming up to make a bid for U.K. engineering firm Renishaw (RNSHY), and then would split up the business after completing a purchase, Bloomberg reports.Renishaw, which has been exploring a sale, also may approach rival engineering and precision measurement companies such as Ametek (AME), Mettler-Toledo (MTD), Japan's Keyence (KYCCF) and France's Schneider Electric (SBGSY), according to the report.Swedish rival Hexagon and a few private equity firms are said to have also shown interest.Danaher's 15% three-year forward compound annual growth rate is impressive, William Stamm writes in a bullish analysis published recently on Seeking Alpha.

For further details see:

Danaher-Fortive combo could make play for Renishaw - Bloomberg