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 investorrelations@brodsky-smith.com 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