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Los Angelas, CA -- (SBWIRE) -- 10/19/2012 -- Shares of Cybex International (NASDAQ:CYBI), the Medway, MA fitness equipment products manufacturer, rose 81.48% Thursday on 35 times average volume. Cybex International announced Wednesday that its board of directors has authorized the Company to enter into a “going private” merger agreement pursuant to which each of its outstanding shares of common stock - other than shares owned by its largest shareholder, UM Holdings, Ltd., and UM's subsidiaries and shareholders, which include John Aglialoro, Cybex's chairman and CEO, and Joan Carter, a director of the Company – will be converted into $2.55 per share payable in cash.This transaction will be effectuated by means of a merger of a newly-formed, wholly-owned subsidiary of UM into Cybex pursuant to an Agreement and Plan of Merger. Following this merger, the Company will be solely owned by UM, Mr. Aglialoro and Ms. Carter, who currently collectively own approximately 49.5% of the Company's common stock. Cybex Internation (NGM:CYBI) are trading at $2.45 and is +70.61% from its 50-day Moving Average price of $1.436 and +40.41% from its 200-day Moving Average price of $1.7449. The average trading volume is 30231 shares and its market capitalization is $42.0M.
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Given Imaging Ltd (NasdaqNM:GIVN) reported EPS of 0.408. For the Current Fiscal year, the company is expected to report EPS of 0.48. For the Next Quarter and Next Year, the company is expected to report EPS of 0.19 and 0.69 respectively. At Current Market Price, GIVN is in distance of +25.40% from its 50-day Moving Average price of $14.5054 and +13.37% from its 200-day Moving Average price of $16.0453. Given Imaging Ltd (NASDAQ:GIVN) surged up 19.06% to $18.11 on a traded volume of 121k shares.The Company was evaluating a potential merger or sale of the Company after receiving expressions of interest from a range of parties. The other options under review include a strategic alliance or purchase of assets.The Company acquired this month ingestible pill monitoring technology from U.S. based private company The SmartPill Corporation.
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WESCO Internation (NYSE:WCC) are trading at $65.11 and is +10.44% from its 50-day Moving Average price of $58.9551 and +9.64% from its 200-day Moving Average price of $59.3829. The average trading volume is 672422 shares and its market capitalization is $2.847B. WESCO International Inc (NYSE:WCC) soared 11.05% to $63.49 after the Company announced third quarter results.Net sales increased 4.8% $1,656.2 million for the third quarter of 2012. Gross profit was$338.8 million or 20.5% of sales compared to $315.7 million or 20.0% of sales in the third quarter of 2011.Operating profit was $103.1 million versus $91.8 million for the comparable 2011 quarter. Operating profit as a percentage of sales was 6.2% in 2012. Net income increased 17.7% $63.4 million for the current quarter. Earnings per diluted share were $1.25 per share compared to $1.11 per share in the third quarter of 2011. Free cash flow for the third quarter of 2012 was $67.2 million or 106% of net income compared to $41.2 million in the third quarter of 2011.
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Corinthian Colleg (NasdaqNM:COCO) reported EPS of -0.121. For the Current Fiscal year, the company is expected to report EPS of 0.33. For the Next Quarter and Next Year, the company is expected to report EPS of 0.06 and 0.43 respectively. At Current Market Price, COCOis in distance of +10.72% from its 50-day Moving Average price of $2.4657 and +0.18% from its 200-day Moving Average price of $2.7252. Corinthian Colleges Inc(NASDAQ:COCO) shares fell 7.52% and closed at $2.46 in yesterday’s session. The company will report financial results for the first quarter ended September 30, 2012, on October 31 prior to market open. The company will host a conference call at 12:00 p.m. ET (9:00 a.m. PT) on Wednesday, October 31 to review its performance and outlook. Additionally, analysts at Sidoti started coverage on shares of Corinthian in a research report issued to clients and investors last week. The firm set a “neutral” rating on the stock.
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