NEW YORK, April 10, 2012 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of X-Rite, Inc. ("X-Rite" or the "Company") (NASDAQ: XRIT) concerning the proposed acquisition of the Company by Danaher Corp. ("Danaher") in a transaction valued at approximately $625 million.
On April 10, 2012, it was announced that X-Rite and Danaher have entered into a definitive agreement pursuant to which Danaher will acquire X-Rite. Under the agreement, X-Rite shareholders will receive $5.55 in cash per share held.
Our investigation concerns whether the board of directors is fulfilling its fiduciary duties, maximizing the value of X-Rite, disclosing all material benefits and costs and obtaining full and fair consideration for X-Rite shareholders.
If you own X-Rite shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP