Pantone to be acquired by Danaher
X-Rite, Inc., parent company of design industry color provider Pantone, has agreed to be purchased by Danaher through a cash tender offer to acquire all of the outstanding shares of common stock at a purchase price of $5.55 per share. The deal is valued at approximately $625 million, including debt assumed and net of cash acquired.
X-Rite develops, manufactures, markets and supports innovative color solutions through measurement systems, software, color standards and services. Upon closing, X-Rite will be part of Danaher’s product identification group.
"We are excited about the opportunity to acquire two premier brands in X-Rite and Pantone," said William K. Daniel II, executive VP Danaher. "Color measurement is an attractive market adjacency to our existing product identification businesses. X-Rite’s color measurement technologies complement Esko’s digital packaging design capabilities to provide customers with a full range of solutions to meet their packaging and design needs. Along with Videojet and Esko, we believe X-Rite and Pantone will further Danaher’s leading position in the product identification industry and present an attractive value creation opportunity."
The X-Rite board of directors has unanimously recommended that X-Rite shareholders accept and tender their shares into the offer. Certain shareholders representing approximately 68% of the voting power of X-Rite’s outstanding shares intend to tender their shares into the offer. The transaction is expected to be completed during the second quarter of 2012.
Danaher is a science and technology firm that designs, manufactures, and markets products in a number of industries, including water treatment, commercial petroleum, communications, and dental equipment. Based in Washington D.C., the company generated $16.1 billion of revenue in 2011.
No comments found
Ken Langone receives Horatio Alger award
Ken Langone, one of the co-founders of Home Depot, will be awarded the 2012 Horatio Alger Award on April 13 in a ceremony in Washington, D.C. Langone will be one of 12 recipients, along with former Canadian Prime Minister Brian Mulroney and Robert Miller, CEO of Albertson’s supermarkets, to receive the prestigious medallion.
The Horatio Alger Association of Distinguished Americans gives the awards to exceptional individuals who, through courage and dedication, overcome the difficult circumstances they faced early in life and accomplished their goals. The award is also a salute to these individuals’ philanthropic endeavors in their communities, nationally and internationally.
Other previous winners include New York Mayor Michael Bloomberg and Presidents Gerald Ford, Ronald Reagan, Dwight Eisenhower and Herbert Hoover.
No comments found
Home Depot opens big-format store
Home Depot has opened a 211,000-sq.-ft. “superstore” in Anaheim Hills, Calif., which it describes as “almost twice the size of [a] regular Home Depot.” The unit, situated in an affluent area of Orange County, is an existing store that was remodeled. Among the changes are:
• Expanded bath fixture showroom, including a “shower gallery;”
• More kitchen cabinet options;
• Weber grill showroom;
• Year-round outdoor living showroom;
• Expanded appliance showroom with lifestyle vignettes;
• Expanded hard surface flooring and rug selection;
• Expanded decor showroom; and
• Expanded hardware department
The store first opened in 2004 in a remodeled 205,000-sq.-ft. former Kmart. The store has multiple entrances, a will-call area for kitchen appliances and other big items, and a drive-through section in lawn and garden. At the time, Home Depot officials said it was not a prototype or pilot store. The same holds true for the latest Anaheim Hills incarnation.
But California has always been a testing ground for new Home Depot formats. The first Expo Design Center opened in San Diego, and in 2003, the Atlanta retailer opened a “his and hers” store in a Los Angeles suburb that featured light beige racking, shiny gray floors and wider aisles. High-end kitchen and bath vignettes greeted customers upfront, while the traditional orange warehouse atmosphere prevailed in back.
Your approach to this topic
Your approach to this topic is unique and informative. I am writing an article for our school paper and this post has helped me. Thanks. Mike
Exceptional is the only word
Exceptional is the only word I can find to describe your content. I can’t tell you how long it’s been since I’ve found such terrific writing. I concur with your points of interest. Great job! Stainless Steel Jewelry
Right. It's because in fact,
Right. It's because in fact, an analysis done by the agencies last year suggests the “Current Regional Plans” scenario performs even better, possibly attaining a 10 percent per capita GHG reduction by 2035. In addition, analysis done by the agencies estimates non-land use GHG reduction strategies (including telecommuting, driver-awareness campaigns and vanpool incentives) may deliver additional GHG reduction of 6.5 percent, suggesting there might be a simpler and a less costly and less wrenching path forward. Textildruck
I am writing a research paper
I am writing a research paper and collecting information on this topic. Your post is one of the better that I have read. Thank you for putting this information into one location. learn more
This post has helped me for
This post has helped me for an article which I am writing. Thank you for giving me another point of view on this topic. Now I can easily complete my article. Cheers budget hotels in manali
Arama Motoru Optimizasyonu
Arama Motoru Optimizasyonu seo, en temel anlamıyla; internette bulunan arama motorlarında sitenizi üst sıralarda yer almak için site içi ve site dışı yapılan iyileştirme çalışmaları olarakda söylenebilir. Bu çalışmalar siteler üzerinde farkedebiliyor, kurumsal siteler için, e-ticaret siteleri için ve bireysel siteler için farklı seo çalışmaları yapılabiliyor. kurumsal seo sitenizde yapacağınız kod değişiklikleri sonucu ve site dışı yapılacak işlemlerden sonra arama motorlarında konuya uygun olarak üst sıralarda yer almak için kullanılır
Like an Expo store then?
Like an Expo store then? Everything that's old is new again!