Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating and monitoring the conduct of the Board of Directors of Gerber Scientific, Inc. (“Gerber” or the “Company”) (NYSE: GRB) in relation to the sale of the Company to Vector Capital Corp. for about $282 million. The proposed transaction offers Gerber’s shareholders $11.00 per share in cash. The proposed cash consideration represents an approximate 24% premium over Gerber’s average 30-day closing price, though Gerber’s stock value increased by 45% over the past 12 months.
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Whether Gerber’s Board of Directors breached their fiduciary duties to Gerber’s stockholders by failing to conduct an adequate and fair sales process to sell the Company prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Gerber’s shares and by how much this proposed transaction undervalues the Company to the detriment of Gerber’s shareholders are the key focus of this investigation.
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