BOSTON, April 10, 2012 /PRNewswire/ -- Block &
Leviton LLP (www.blockesq.com), a Boston-based law firm representing investors
nationwide, has commenced an investigation into possible breaches
of fiduciary duties by the Board of Directors of X-Rite,
Incorporated ("X-Rite" or the "Company") (Nasdaq: XRITE) with
regards to the proposed acquisition of the Company by Danaher
Corporation ("Danaher") (NYSE: DHR). The transaction is
for $5.55 per share, or a 39% premium
over the Company's latest closing price, and is valued at
approximately $478 million.
Block & Leviton's investigation seeks to determine, among
other things, whether X-Rite's Directors breached their fiduciary
duties by failing to maximize shareholder value in the proposed
transaction. X-Rite's share price had traded as high as
$4.96 per share earlier this
year.
If you are an X-Rite shareholder and have information relevant
to this matter or have questions about your legal rights, please
contact Scott A. Mays of Block &
Leviton at (617) 398-5640 or email him at Scott@blockesq.com.
Block & Leviton is a Boston-based law firm representing investors
for violations of securities laws. The firm's lawyers have
collectively been prosecuting securities cases on behalf of
investors for over 50 years.
This notice may constitute attorney advertising.
|
Contact:
|
BLOCK
& LEVITON LLP
|
|
Scott A.
Mays, Esq.
|
|
Scott@blockesq.com
|
|
(617)
398-5640
|
SOURCE Block & Leviton LLP