Bull & Lifshitz, LLP Announces Investigation of the Acquisition of Gerber Scientific, Inc.
June 18 2011 - 11:44AM
Business Wire
Bull & Lifshitz, LLP announces an investigation into
possible breaches of fiduciary duty in connection with the proposed
sale of Gerber Scientific, Inc. (NYSE: GRB - News) (referred to as
"Gerber" or the “Company”) to Vector Capital Corporation (“Vector”)
in a transaction valued at approximately $281.8 million.
Under the terms of the agreement, the shareholders of the
Company will receive $11.00 per share. In addition to the cash
payment, each shareholder of the Company will receive for each
share they own a non-transferable right to receive contingent cash
payments at future times, if recoveries are made pursuant to
certain litigation claims in respect of U.S. Patent 5,537,135 (a
computerized "print to cut" technology patent).
Bull & Lifshitz, LLP's investigation is focused on whether
the proposed deal provides adequate value to the Company’s
shareholders.
If you are a holder of Gerber stock and want to discuss your
legal rights, you may e-mail or call Bull & Lifshitz, LLP who
will, without obligation or cost to you, attempt to answer your
questions.
If you are a shareholder of Gerber and would like more
information about our investigation, please contact Peter D. Bull,
Esq. by telephone at (866) 313-6222 or by sending an e-mail
including your contact information to: counsel@nyclasslaw.com. All
e-mail correspondence should make reference to Gerber.
Bull & Lifshitz, LLP is a New York City-based law firm with
significant experience representing investors in merger-related
shareholder class actions, shareholder derivative actions, and
securities fraud class actions. For more information about the
firm, please visit our website at www.nyclasslaw.com.
ATTORNEY ADVERTISING. © 2011 Bull & Lifshitz, LLP.
The law firm responsible for this advertisement is Bull &
Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212)
213-6222. Prior results do not guarantee or predict a similar
outcome with respect to any future matter.
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