Rigrodsky & Long, P.A. Announces Investigation Of Cybex International, Inc. Buyout
October 18 2012 - 9:36AM
Business Wire
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Cybex
International, Inc. (“Cybex” or the “Company”) (NASDAQ GM: CYBI)
regarding possible breaches of fiduciary duties and other
violations of law related to the Company’s entry into an agreement
to be taken private by a group including its largest shareholder,
UM Holdings, Ltd., Cybex’s chairman and Chief Executive Officer,
John Aglialoro, and Cybex director Joan Carter, in a transaction
valued at approximately $22 million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/cybex-international-inc-cybi.
Under the terms of the proposal, public shareholders of Cybex
will receive $2.55 per share in cash for each share of Cybex they
own.
The investigation concerns whether Cybex’s board of directors
failed to adequately shop the Company and obtain the best possible
value for Cybex’s shareholders before entering into the agreement
to be taken private.
If you own the common stock of Cybex and purchased your shares
before October 17, 2012, if you have information or would like to
learn more about these claims, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact
Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate
Boulevard, Suite 300, Garden City, New York 11530 toll free at
(888) 969-4242, by e-mail to info@rigrodskylong.com, or at:
http://www.rigrodskylong.com/investigations/cybex-international-inc-cybi.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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