SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Cyan, Inc. And Encourages Investors To C...
May 11 2015 - 2:03PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, has commenced an investigation into
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of Cyan, Inc. (“Cyan” or the
“Company”) (NYSE: CYNI) relating to the proposed buyout of the
Company by Ciena Corporation.
Under the terms of the transaction, Cyan shareholders are
anticipated to receive consideration equal to the value of 0.224
shares of Ciena common stock for each share of Cyan common stock
owned. The firm’s investigation seeks to determine, among other
things, whether the Company’s Board of Directors failed to satisfy
their duties to shareholders, including whether the Board
adequately pursued alternatives to the acquisition and whether the
Board obtained the best price possible for the Company’s shares of
common stock.
If you currently own common stock of Cyan and would like to
learn more about the investigation being conducted by Brower Piven,
without cost or obligation to you, please visit our website at
http://www.browerpiven.com/currentinvestigations.html. You may also
request more information by contacting Brower Piven either by email
at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com