X-rite acquisition.
X-rite acquisition.
- Subject: X-rite acquisition.
- From: Tom Lianza <email@hidden>
- Date: Thu, 12 Apr 2012 09:17:09 -0400
- Thread-topic: X-rite acquisition.
Hi to all
As some of you may have heard, X-rite and Danaher have entered into a
definitive merger agreement that has X-rite being purchased out right at
$5.50 per share. I want to take a moment to assure our stake holders (share
holders, customers, and partners), that this is a very positive move in the
evolution of X-rite. On a personal note, when I learned that we were being
acquired by Danaher, I was quite pleased. In general, their acquisitions
have grown stronger and they generally have applied an "arms length"
management philosophy to their purchased divisions. If you look at their
corporate portfolio you will see just how strong they are and X-rite gains
some significant benefits in the areas of information management and supply
chain. The only real difference one will see in the short term is the
elimination of X-rite stock from the public market.
I would like to emphasize to our customers and partners that you should see
no disruption or major changes in personnel, products or facilities. You may
see some new faces, but most, or all, of these new hires came on before the
merger, as result of new programs, not as a result of the merger.
As you will see at Drupa we are moving forward with a number of new
initiatives, such as PantoneLive, as well as a number of new products. The
new i1Pro was released 11 April and there are more products to follow. The
acquisition puts X-rite/ Pantone in a family of high technology companies
that share synergistic requirements which are well served by the scale of
company like Danaher. We, at X-rite, look forward to working with our
customers and partners with the confidence that a strong team of business
associates and a secure financial outlook provides.
Regards,
Tom Lianza
Come visit us at Drupa May 3-16, 2012 in Dusseldorf, Germany
www.xrite.com/events/drupa
<br><br>
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