CYAN, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
05 Mai 2015 - 8:30PM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Cyan, Inc.
(NYSE: CYNI)?
- Did you purchase any of your shares
prior to May 4, 2015?
- Do you think the proposed buyout
value is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Cyan, Inc.
(“Cyan” or the “Company”) (NYSE: CYNI) regarding possible breaches
of fiduciary duties and other violations of law related to the
Company’s entry into an agreement to be acquired by Ciena
Corporation (“Ciena”) (NYSE: CIEN), in a transaction valued at
approximately $400 million.
Click here to learn more:
http://rigrodskylong.com/investigations/cyan-inc-cyni.
Under the terms of the agreement, shareholders of Cyan will
receive consideration equal to the value 0.224 shares of Ciena
common stock for each share of Cyan common stock owned. 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.
The investigation concerns whether Cyan’s board of directors
failed to adequately shop the Company and obtain the best possible
value for Cyan’s shareholders before entering into an agreement
with Ciena.
If you own the common stock of Cyan and purchased your shares
before May 4, 2015, 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 Seth D.
Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter
Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888)
969-4242; by e-mail to info@rl-legal.com, or at:
http://rigrodskylong.com/investigations/cyan-inc-cyni.
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.
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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