X-Rite, Inc. has entered into a definitive agreement to purchase Pantone, Inc. for $180 million. The deal is expected to close in the fall of 2007. Pantone, Inc., headquartered in Carlstadt, NJ, is an authority on color inspiration for the design world with the Pantone Matching System. Pantone generated revenue of approximately $42 million in 2006 with adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of approximately 27 percent of revenue. Pantone sells its pro...