The Rosen Law Firm, a global investor rights law firm, announces that it is investigating the Board of Directors of Cyan Inc. (NYSE:CYNI) for possible breaches of fiduciary duty and other violations of law by failing to adequately shop Cyan to maximize shareholder value before agreeing to be acquired by Ciena Corporation (NYSE:CIEN).

If you would like to join the action, go to the firm’s website at http://rosenlegal.com/cases-599.html or contact Phillip Kim or Kevin Chan toll-free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com. There is no cost or obligation to you.

Under the terms of the proposed transaction, shareholders will receive consideration equal to the value of 0.224 shares of Ciena common stock for each share of Cyan common stock they own. Based on Ciena’s 20-day volume weighted average price as of May 1, 2015, this exchange ratio represents approximately $4.75 per share of Cyan common stock. The proposed transaction is valued at approximately $400 million. The investigation relates to whether the proposal is fair to the public shareholders of Cyan and whether Cyan’s Board breached its fiduciary duties in connection with the proposed sale.

If you currently own shares of Cyan and wish to obtain additional information, please visit the firm’s website at http://rosenlegal.com/cases-599.html. You may also contact Phillip Kim or Kevin Chan of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

Attorney Advertising. Prior results do not guarantee a similar outcome.

The Rosen Law Firm, P.A.Phillip Kim, Esq.Kevin Chan, Esq.Laurence Rosen, Esq.275 Madison Avenue, 34th FloorNew York, NY 10016Tel: 212-686-1060Toll Free: 1-866-767-3653Fax: 212-202-3827pkim@rosenlegal.comkchan@rosenlegal.comlrosen@rosenlegal.comwww.rosenlegal.com

CYAN INC (NYSE:CYNI)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024 Plus de graphiques de la Bourse CYAN INC
CYAN INC (NYSE:CYNI)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024 Plus de graphiques de la Bourse CYAN INC