Fortive (FTV) disclosed late Monday an unsolicited "mini-tender offer" by TRC Capital Investment Corp. to purchase for cash up to 1.5 million shares, or about 0.44%, of the outstanding common stock of Fortive at $75 apiece.

The company said the offer represents a 4.93% discount to its closing price as of Dec. 6, the last trading day before the offer.

"Fortive recommends that shareholders reject TRC's unsolicited offer because, among other reasons, the offer price is below the current market price for shares of Fortive common stock," the company said. "The offer also is subject to numerous conditions."