Rigrodsky & Long, P.A. Announces Investigation Of Cybex International, Inc. Buyout
WILMINGTON, Del., Oct 18, 2012 — 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.
