SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Cyb...
19 10월 2012 - 1:52AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Cybex International, Inc. (“Cybex” or the “Company”) (NasdaqGM:
CYBI) for possible breaches of fiduciary duty and other violations
of state law in connection with the sale of the Company to a
consortium led by its largest shareholder, UM Holdings, Ltd., and
including the Company’s Chairman and CEO, John Aglialoro, and
Director Joan Carter.
Click here to learn more about the investigation:
http://zlk.9nl.com/cybex-international-cybi, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Cybex shareholders will
receive $2.55 for each share of Cybex stock they own. The
transaction has a total approximate value of $22 million. The
investigation concerns, among other things, whether the proposed
consideration to be paid to Cybex shareholders is unfair,
inadequate, and substantially below the fair or inherent value of
Cybex, and whether the consortium is taking advantage of its
position as controlling shareholders in order to purchase the
Company at an unfair price. In particular, Cybex stock has traded
as high as $2.97 per share as recently as April 19, 2012.
If you own common stock in Cybex and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email
at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972, or visit
http://zlk.9nl.com/cybex-international-cybi.
Levi & Korsinsky is a national firm with offices in New York
and Washington D.C. The firm has extensive expertise in prosecuting
securities litigation involving financial fraud, representing
investors throughout the nation in securities and shareholder
lawsuits. The attorneys at Levi & Korsinsky have been appointed
by numerous courts throughout the country to serve as lead counsel
on behalf of shareholders in major securities lawsuits and have
successfully recovered multimillion-dollar damages awards on behalf
of investors. For more information, please feel free to contact any
of the attorneys listed below. Attorney advertising. Prior results
do not guarantee similar outcomes.
Cybex International, Inc. (MM) (NASDAQ:CYBI)
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Cybex International, Inc. (MM) (NASDAQ:CYBI)
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