OEP, Sagard and Tinicum Selling Stakes in X-Rite
April 12, 2012- Share:
Danaher has agreed to purchase X-Rite for $5.55 per share, an enterprise value of $625 million, including the assumption of debt and net cash. X-Rite is a color measurement technology company that includes the design industry color provider Pantone. OEP, Sagard and Tinicum will sell all of their shares in the company, which together represent approximately 68% of the total outstanding shares.
Company:
X-Rite
(NASDAQ: XRIT)
Office Electronics
Grand Rapids, MI
$625 million
Corporate Acquisition
Buyer
Danaher
(NYSE: DHR)
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