NEW YORK -- (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 email@example.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
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Toll Free: 877-363-5972
Source: Levi & Korsinsky, LLP
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