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Danaher to buy X-Rite for $467.8 million

Tue Apr 10, 2012 8:17am EDT

(Reuters) - Industrial and healthcare conglomerate Danaher Corp (DHR.N) said it will buy X-Rite Inc XRIT.O, which makes colour measurement systems and colour standards, for $467.8 million.

Danaher's offer values X-Rite at $5.55 a share, a 39 premium to the stock's last closing price. The total enterprise value of the deal is about $625 million.

(Reporting by A. Ananthalakshmi in Bangalore; Editing by Viraj Nair)
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