NEW ORLEANS, May 4, 2015 /PRNewswire/ -- Former Attorney
General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of
Kahn Swick & Foti, LLC ("KSF") are investigating the proposed
sale of Cyan Inc. ("Cyan" or the "Company") (NYSE: CYNI) to Ciena
(NYSE: CIEN). Under the terms of the proposed transaction,
shareholders of Cyan will receive consideration equal to the value
of only 0.224 shares of Ciena common stock for each share of Cyan
that they own, 89% of which will be delivered in Ciena common stock
and 11% of which will be delivered in cash based on the value of
Ciena common stock at closing. According to the Company, this
exchange ratio represents approximately $4.75 per share of Cyan common stock, based on
Ciena's 20-day volume weighted average price as of May 1, 2015. KSF is seeking to determine whether
this consideration and the process that led to it are adequate, or
whether the consideration undervalues the Company.
If you believe that this transaction undervalues the Company
and/or if you would like to discuss your legal rights regarding the
proposed sale, you may, without obligation or cost to you, e-mail
or call KSF Managing Partner Lewis S. Kahn
(lewis.kahn@ksfcounsel.com) or partner Michael J. Palestina
(michael.palestina@ksfcounsel.com) toll free at any time at
855-768-1857.
To learn more about KSF, whose partners include the Former
Louisiana Attorney General, visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
206 Covington St.
Madisonville, LA 70447
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SOURCE Kahn Swick & Foti, LLC