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© 2026 Benzinga | All Rights Reserved
May 5, 2015 10:13 PM 1 min read

SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Cyan, Inc. And Encourages Investors To Contact The Firm For Additional Information

by Business Wire
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STEVENSON, Md.--(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 [email protected] 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 Corporation
Charles J. Piven, 410-415-6616
1925 Old Valley Road
Stevenson, Maryland 21153
[email protected]

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