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15. On March 2, 2000, Ek purchased 1,000 shares of Gerber stock at $14.9375 per share for his personal benefit on the basis of the material, nonpublic information about the announcement. 16. On March 7, 2000, Gerber announced its plan to form the on-line apparel venture. Gerber’s stock price increased.Gerber was founded in 1927 in Fremont, Michigan, by Daniel Frank Gerber, owner of the Fremont Canning Company, which produced canned fruit and vegetables. 1928 The first flavors, introduced in late 1928, were strained peas, prunes, carrots, spinach, and beef vegetable soup.

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