The Law Offices of Vincent Wong Announce an Investigation of Gerber Scientific Inc.
June 16 2011 - 5:06PM
Business Wire
The Law Offices of Vincent Wong are investigating the Board of
Directors of Gerber Scientific Inc. (NYSE: GRB) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Vector Capital Corp.
Under the terms of the proposed deal, Gerber shareholders will
receive $11.00 per share in cash for a total transaction value of
approximately $281 million. Gerber shareholders also will receive a
non-transferable right to receive cash payments in the future,
contingent upon possible recoveries resulting from certain patent
litigation claims (U.S. Patent 5,537,135).
The investigation concerns whether the Gerber Board of Directors
breached their fiduciary duties to Gerber stockholders by failing
to adequately shop the Company before entering into this
transaction and whether Vector Capital Corp. is underpaying for
Gerber shares.
If you own common stock in Gerber and wish to obtain additional
information, please contact Vincent Wong, Esq. either via email
vw@wongesq.com, by telephone at 212.584.2740, or visit
http://www.wongesq.com/gerber-grb.html.
Vincent Wong, Esq. is an experienced attorney that has
represented investors in securities litigations involving financial
fraud and violations of shareholder rights. Attorney advertising.
Prior results do not guarantee similar outcomes.
Gerber Scientific (NYSE:GRB)
Historical Stock Chart
From Jul 2024 to Aug 2024
Gerber Scientific (NYSE:GRB)
Historical Stock Chart
From Aug 2023 to Aug 2024
Real-Time news about Gerber Scientific Inc. (New York Stock Exchange): 0 recent articles
More Law Offices of Vincent Wong News Articles