Altra Industrial Motion Corp (AIMC)

[Enterprising Investor]

Split-Off Exchange Offer for Fortive's Automation and Specialty Business

On August 28, 2018, Fortive commenced an exchange offer related to the split-off of its automation and specialty platform (excluding Fortive’s Hengstler and Dynapar businesses) (the “A&S Business”). The split-off is in connection with Fortive’s announcement on March 7, 2018, that Fortive will separate its A&S Business and then combine it with Altra Industrial Motion Corp. (“Altra”). The terms of the transaction call for Fortive to separate its A&S Business through the split-off of its subsidiary, Stevens Holding Company, Inc., and to immediately merge Stevens Holding Company, Inc. with a subsidiary of Altra. Fortive will provide indicative calculated per share values and exchange ratios for each of the trading days that the exchange offer is open. The final exchange ratio is expected to be calculated using the volume weighted average stock prices (“VWAP”) of Fortive and Altra on September 19, 2018, September 20, 2018 and September 21, 2018, and is expected to be announced by 9:00 a.m., New York City time, on September 24, 2018, the second to last full trading day prior to the expiration date of the exchange offer, unless the exchange offer is extended or terminated. The exchange offer will expire at 8:00 a.m. on September 26, 2018, unless the offer is extended or terminated.