Updating spinoffs & other opportunities

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DANAHER CORP. $96 (New York symbol DHR; Manufacturing & Industry sector; Shares outstanding: 696.6 million; Market cap: $66.9 billion; Takeover Target Rating: Medium; Dividend yield: 0.9%; TSINetwork Rating: Average; www.danaher.com) makes precision testing equipment and tools. Its major customers include medical research labs, dentists and municipal water utilities. In July 2016, Danaher combined its Test & Measurement business with its Industrial Technologies operations and spun off the new firm as Fortive (New York symbol FTV). Danaher investors received one share of Fortive for every two DHR shares they held. In late 2016, Danaher paid $4.0 billion for Cepheid, a maker of DNA-testing equipment. As a result, Danaher’s revenue in the three months ended December 31, 2017, rose 11.0%, to $5.1 billion from $4.6 billion a year earlier. If you exclude new business and foreign currency rates, revenue gained 5.5%. Earnings per share rose 13.3%, to $1.19 from $1.05. Danaher is a buy. NORDSTROM INC. $50 (New York symbol JWN; Consumer sector; Shares outstanding:…