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Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed sale of Gerber Scientific, Inc. (NYSE:
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).