X-Rite To Sell Grandville, Michigan Site To Target Corp. - Update

Daytrading, Eminis, Forex trading, Swing Trading BREAKING NEWS - 409103:

"Tuesday after the bell, X-Rite (XRIT | charts | news | PowerRating), a provider of color management solutions and products, announced it has reached an agreement to sell its Grandville, Michigan site to Target Corporation since the company plan to relocate its headquarters to Kentwood, Michigan in 2007.

X-Rite plans on moving early in the first quarter 2007, when its new headquarters and manufacturing facility is finished with a renovation project.

Final closing on the sale will be based on completion of the Buyer's inspection and due diligence process as well as the granting of governmental approvals related to the future planned usage of the property."