Cybex International, Inc.’s board of directors has authorized the repurchase of up to 1 million shares of its common stock. The repurchases may be in the open market or through privately negotiated transactions and will depend upon various factors, including the CYBI stock price and market conditions.
John Aglialoro, Cybexs Chairman and CEO, said “We view our common stock as an attractive value at current trading prices. We believe that our cash flows and credit availability will permit [Cybex] to repurchase our stock while continuing to invest in the growth of our business. One of our priorities is the effective use of our capital to enhance the value of [Cybex] for our stockholders.”
