BALA CYNWYD, Pa., April 11, 2012 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of X-Rite, Incorporated ("X-Rite" or the "Company") (Nasdaq: XRIT) relating to the proposed acquisition by Danaher Corp. ("Dansher"). Under the terms of the transaction, X-Rite shareholders would receive only $5.50 in cash for each share of X-Rite stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of X-Rite for not acting in the Company's shareholders' best interests in connection with the sale process to Danaher. The transaction may result in long term holders of X-Rite stock suffering substantial losses. If you own shares of X-Rite stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org visiting http://brodsky-smith.com/407-xrit-x-rite-incorporated.html, or by calling toll free 877-LEGAL-90. SOURCE Law office of Brodsky & Smith, LLC
Shares of X-Rite (Nasdaq:XRIT) have taken a tremendous swing upward. The stock is trading at $5.54 as of 9:30 a.m. ET, 38.5% above Monday's closing price of $4. Volume is at 628,978, 6.4 times the daily average of 98,800.