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.
BLOCK & LEVITON LLP
Scott A. Mays, Esq.
SOURCE Block & Leviton LLP
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here