Vector Capital Buys Gerber Scientific

Buyout shop Vector Capital said Monday that it would buy publicly traded Gerber Scientific Inc. for $281.8 million. At $11 per share, the cash consideration represents a 24% premium to Gerber's average closing price over the last 30 days. Fortress Credit Corporation is providing debt financing. Based in Tolland, Conn., Gerber provides automated manufacturing systems for the sign making, specialty graphics, packaging, apparel and industrial industries.

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