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 firstname.lastname@example.org, 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) hit a new 52-week high Friday as it is currently trading at $11.18, above its previous 52-week high of $11.15 with 9,721 shares traded as of 10:16 a.m. ET. Average volume has been 492,800 shares over the past 30 days.
Shares of Gerber Scientific (NYSE:GRB) have taken a tremendous swing upward. The stock is trading at $10.87 as of 9:31 a.m. ET, 33.9% above Friday's closing price of $8.12. Volume is at 11.6 million, 217.1 times the daily average of 53,200.
Shares of Gerber Scientific (NYSE:GRB) have taken a tremendous swing upward. The stock is trading at $9.47 as of 9:56 a.m. ET, 20.9% above Wednesday's closing price of $7.83. Volume is at 27,319, 0.4 times the daily average of 61,900.