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.
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BLOCK & LEVITON LLP
Scott A. Mays, Esq.
SOURCE Block & Leviton LLP