SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation Into Possible Breaches Of Fiduciary Duty By The Board Of Cybex International, Inc. In Connection With The Sale Of The Company
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 similar outcomes.
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