Cybex International Announces Exercise of Underwriters' Over-Allotment Option
02 6월 2006 - 12:53AM
Business Wire
Cybex International, Inc. (AMEX: CYB) announced today that the
underwriters of its previously announced offering of common stock
have exercised their over-allotment option to purchase an
additional 407,900 shares of CYBEX common stock at the offering
price of $5.50 per share. Of such over-allotment shares, 203,950
shares are being issued and sold by CYBEX and 203,950 shares are
being sold by a selling stockholder, UM Holdings Ltd. CYBEX will
not receive any proceeds from the sale of the over-allotment shares
by the selling stockholder. Cybex International, Inc. is a
manufacturer of premium exercise equipment for commercial and
consumer use. The CYBEX product line includes a full range of both
strength training and cardio training machines sold worldwide under
the CYBEX brand. This news release may contain forward-looking
statements. There are a number of risks and uncertainties that
could cause actual results to differ materially from those
anticipated by forward-looking statements. These include, but are
not limited to, competitive factors, technological and product
developments, market demand, economic conditions, the resolution of
litigation involving the Company, and the ability of the Company to
comply with the terms of its credit facilities. Further information
on these and other factors which could affect the Company's
financial results can be found in the Company's previously filed
Report on Form 10-K, its Report on Form 10-Q, its Current Reports
on Form 8-K, and its proxy statement dated April 4, 2006.
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