Danaher Acquires X-Rite For $625 Million
X-Rite (NASDAQ:XRIT) agreed to be acquired by Danaher (NYSE:DHR) for $5.55 per share in cash.
The price tag is about $625 million total, which represents a 39% premium over X-Rite's $4 closing share price on Monday.
X-Rite (NASDAQ:XRIT) has potential upside of 25% based on a current price of $4 and an average consensus analyst price target of $5.
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