The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of X-Rite...
12 April 2012 - 12:25AM
Business Wire
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.
Click here to learn how to join the action:
http://www.zlk.com/x-rite-incorporated-xrit, or call: 877-363-5972.
There is no cost or obligation to you.
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.
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