Virtek Agrees to Gerber Scientific Offer of $1.05 in Cash per Share

Virtek Vision International Inc. (TSX:VRK) (\"Virtek\" or the \"Company\"), a leading provider of high value industrial laser solutions, today announced that it has entered into a definitive agreement (the \"Support Agreement\") with Gerber Scientific, Inc. and Gerber Scientific Canada Inc. (together, \"Gerber\") under which Gerber has agreed to offer to acquire all of the issued and outstanding shares of the Company by way of a takeover bid at a price of $1.05 per share in cash (the \"Offer\"). The transaction values Virtek at approximately $35.1 million. Virtek\'s Board of Directors has unanimously determined that the Offer is fair to and in the best interest of shareholders and has executed the Support Agreement previously provided by Gerber. Virtek\'s financial advisor, Genuity Capital Markets, has provided an opinion to the Board of Directors that the Offer is fair, from a financial point of view, to shareholders. Read more: Virtek Vision International Inc ( VRK )