South Windsor-based Gerber Scientific Inc. has acquired Virtek Vision International Inc. after shareholders of the Ontario-based industrial laser maker tendered 88 percent of their shares to Gerber’s takeover offer.
Gerber said it has extended its tender offer until 5 p.m. eastern time on Nov. 3 for Virtek’s remaining shares, after which Gerber said it will press to finalize the acquisition.
Gerber is offering $1.05 per share in cash for Virtek, valuing its equity at about $36 million, in a proposal accepted by Virtek’s board.
The offer was conditional on acceptance by two-thirds of Virtek shareholders by Tuesday.
At 11 a.m., Gerber shares traded at $4.77, down 18 cents, or 3.6 percent.
Gerber provides automated machinery and software to the graphics, apparel and other markets.
