Robbins Umeda LLP Announces an Investigation of X-Rite, Incorporated

Shareholder rights firm Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of the law by members of the board of directors of X-Rite, Incorporated (NASDAQ: XRIT) in connection with their efforts to sell the company to Danaher Corporation (NYSE: DHR). Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Gregory E. Del Gaizo at (800) 350-6003, info@robbinsumeda.com, or via the shareholder information form on the firm's website.

On April 10, 2012, X-Rite announced that it had entered into a definitive merger agreement to be acquired by Danaher. According to the terms of the deal, Danaher will acquire all outstanding shares of the company through an all-cash transaction. Pursuant to the agreement, X-Rite shareholders will receive $5.55 for each share of the company they own. The deal is structured as a tender offer that is expected to commence within 5 business days. The transaction is expected to close during the second quarter of 2012.

Robbins Umeda LLP's investigation focuses on whether X-Rite's board is undertaking a fair process to obtain maximum value and adequately compensate shareholders in light of the company's recent financial results. Specifically, on March 13, 2012, X-Rite reported financial results for the fourth quarter of fiscal year 2011 that exceeded analyst expectations. The company reported diluted EPS of $0.51 compared to analyst estimates of only $0.08. Additionally, X-Rite reported that net income for the quarter increased to $44.9 million compared to only $40.9 million during the same quarter of the previous year.

In addition, the firm is investigating whether self-dealing and other employment guarantees played a part in the decision by X-Rite's Board to enter into the agreement with Danaher. According to the terms of the deal, several members of X-Rite's current management team will continue to hold key senior leadership positions in the surviving corporation.

Robbins Umeda attorneys highlight that X-Rite shareholders have the option to file a class action lawsuit against the company to secure the best possible price for the company's shareholders and the disclosure of material information to shareholders so they can vote on the transaction in an informed manner.

Robbins Umeda LLP is a nationally recognized leader in securities litigation and shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. For more information, please go to http://www.robbinsumeda.com.

Press release link: http://www.robbinsumeda.com/shareholders-rights-blog/x-rite-incorporated/

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