X-Rite Inc. (XRIT) announced Tuesday morning that it entered into a definitive agreement to be acquired by Danaher Corp. (DHR) for $5.55 per share in cash, approximately $625 million.
X-Rite gapped open sharply higher Tuesday, but traded in a narrow range throughout the session. The stock closed up by 1.54 at $5.54 on the highest volume of the year and broke out to a new high for the year.
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