Fortive Corp. said late Wednesday it made a binding $2.7 billion cash offer to Johnson & Johnson to acquire its Advanced Sterilization Products business. Fortive stock was up a fraction after hours and closed up 0.9% to $74.96 during the regular session. Johnson & Johnson stock was flat after hours. Fortive said that the sterilization business generated sales of $775 million. Fortive stock is up 3.6% this year as the benchmark S&P 500 index is up 2.8%.