Faruqi & Faruqi, LLP Announces Investigation of X-Rite, Incorporated
13 April 2012 - 4:49PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of X-Rite Incorporated (“X-Rite” or the “Company”)
(NASDAQ: XRIT) for potential breaches of fiduciary duties in
connection with their conduct related to the sale of the Company to
Danaher Corp. (NYSE: DHR) in an all-cash transaction valued at
about $625 million. Under the terms of the proposed transaction,
X-Rite shareholders will receive $5.55 in cash per each share of
X-Rite common stock they own. The proposed transaction is
structured as a tender offer and may be effectuated without a
shareholder vote.
Request more information now by clicking here:
www.faruqilaw.com/XRIT. There is no cost or obligation to you.
Whether X-Rite’s Board of Directors breached their fiduciary
duties to the Company’s stockholders by failing to conduct an
adequate and fair sales process prior to agreeing to this proposed
transaction, whether the proposed transaction undervalues X-Rite’s
shares and by how much this proposed transaction undervalues the
Company to the detriment of X-Rite shareholders are the key focus
of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in X-Rite and wish to obtain additional
information and protect your investment free of charge, please
visit us at www.faruqilaw.com/XRIT or contact Juan E. Monteverde,
Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone
at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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