NEW YORK, April 16, 2012 /PRNewswire/ -- Levi &
Korsinsky is investigating the Board of Directors of X-Rite,
Incorporated ("X-Rite" or the "Company") (Nasdaq: XRIT) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Danaher Corp.
(NYSE: DHR). Under the terms of the agreement, X-Rite
shareholders will receive $5.55 for
each share of X-Rite stock they own. The transaction has a
total approximate value of $625
million, including the assumption of debt.
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The investigation concerns whether the X-Rite Board of Directors
breached their fiduciary duties to X-Rite stockholders by failing
to adequately shop the Company before entering into this
transaction and whether Danaher Corp. is underpaying for X-Rite
shares, thus unlawfully harming X-Rite stockholders.
If you own common stock in X-Rite and wish to obtain additional
information, please contact Joseph E. Levi,
Esq. either via email at jlevi@zlk.com or by telephone at
(212) 363-7500, toll-free: (877) 363-5972, or
http://www.zlk.com.
Levi & Korsinsky is a national firm with offices in
New York and Washington D.C.
The firm has extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits.
The attorneys at Levi & Korsinsky have been appointed by
numerous courts throughout the country to serve as lead counsel on
behalf of shareholders in major securities lawsuits and have
successfully recovered multimillion-dollar damages awards on behalf
of investors. For more information, please feel free to
contact any of the attorneys listed below. Attorney advertising.
Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY
10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP