The Law Office of Abe Shainberg is 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 transaction, Gerber shareholders will receive $11.00 in cash per share. 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 transaction has a total approximate value of $281.8 million.
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 Abe Shainberg, Esq. either via email at email@example.com or by telephone at (212) 425-7286, or visit http://www.ashainberglaw.com/gerber-grb.html.
Mr. Shainberg has expertise in prosecuting investor securities litigation, is a certified and registered arbitrator and mediator involving financial matters, and represents investors in various matters nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.