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 email@example.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.
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.