Industrial and healthcare conglomerate Danaher Corp said it will purchase X-Rite Inc, which makes colour measurement systems and colour standards, for $478.9 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.
Shares of DHR remained unchanged at $54.59. In the past year, the shares have traded as low as $39.34 and as high as $56.45. On average, 2817070 shares of DHR exchange hands on a given day and today's volume is recorded at 93469.
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