Member access

4-Traders Homepage  >  Shares  >  Nyse  >  Danaher Corporation    DHR   US2358511028

Delayed Quote. Delayed Nyse - 10/24 04:00:35 pm
77.96 USD   +0.78%
10/16DJU.S. HOT STOCKS : Hot Stocks to Watch
10/16 DANAHER : beats 3Q earnings expectations
10/16 DANAHER : Reports Record Third Quarter 2014 Results
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll news 

X-Rite Agrees To Be Acquired By Danaher In $478 Million Deal

04/10/2012 | 08:45am US/Eastern

Color-measurement technology company X-Rite Inc. (XRIT) agreed to be acquired by diversified manufacturer Danaher Corp. (>> Danaher Corporation) in a deal valued at $478 million.

The $5.55-a-share offer represents a 39% premium to Monday's closing price. X-Rite shares closed Monday at $4 each and were halted in recent premarket trading. The stock is down 14% this year.

X-Rite Chief Executive Thomas J. Vacchiano Jr. said that joining Danaher will give the company--known for Pantone color matching system--resources to achieve its growth goals, expanded access to new market and complementary technologies.

After the deal closes, anticipated in the current quarter, X-Rite will operate as a standalone unit in Danaher's product identification group and existing management will remain in senior leadership positions.

Danaher expects the acquisition will complement its Esko digital packaging design capabilities and further its leading position in the product identification industry. The diversified toolmaker has been relying on acquisitions to bolster a slow-growing revenue base.

Including debt assumption and net of cash, the deal is valued at a total of $625 million.

Danaher shares closed Monday at $54.59 and were inactive in recent premarket trading.

-By Tess Stynes, Dow Jones Newswires; 212-416-2481; Tess.Stynes@dowjones.com

Stocks mentioned in the article : Danaher Corporation
Latest news on DANAHER CORPORATION
1h ago DANAHER : Inks Pact with NetScout Systems to Combine Businesses
2d ago DANAHER : Reports Record Third Quarter 2014 Results
10/16DJU.S. HOT STOCKS : Hot Stocks to Watch
10/16 DANAHER : beats 3Q earnings expectations
10/16 DANAHER : DE/ : Results of Operations and Financial Condition, Financial Stateme..
10/16 DANAHER : DE/ MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RE..
10/16 DANAHER : Reports Record Third Quarter 2014 Results
10/16 DANAHER : Signs Pact with NetScout Systems to Combine Businesses
10/14 DANAHER : DE/ : Results of Operations and Financial Condition, Other Events, Fin..
10/13 DANAHER : to combine communications business with NetScout
Advertisement
Chart
Duration : Period :
Danaher Corporation Technical Analysis Chart | DHR | US2358511028 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF