CYAN SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Cyan, Inc. (CYNI) Over the Proposed Sale of the C...

NEW YORK, May 19, 2015 /PRNewswire/ -- Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Cyan, Inc. ("Cyan" or the "Company") (NYSE: CYNI) for potential breaches of fiduciary duties in connection with the sale of the Company to Ciena Corporation (NYSE: CIEN) for approximately $400 million.  Cyan shareholders will receive consideration equal to the value 0.224 shares of Ciena common stock, or approximately $4.75 per share. However, Cyan has historically traded at much higher prices. In fact, Cyan stock traded upwards of $9.00 for most of the fall of 2013 – more than double the current deal price.

Click here for more information: www.faruqilaw.com/CYNI.  There is no cost or obligation to you.

The investigation focuses on whether Cyan's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Cyan's shareholders.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation.  The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation.  The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.

If you own common stock in Cyan and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/CYNI or contact Juan E. Monteverde, Esq. either via e-mail at [e-mail] or by telephone at [phone] or [phone]. 

Contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
[e-mail]
Toll Free: [phone]
Phone:   [phone]

Attorney Advertising. (C) 2015 Faruqi & Faruqi, LLP.  The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com).  Prior results do not guarantee or predict a similar outcome with respect to any future matter.  We are happy to discuss your particular case.

Logo - http://photos.prnewswire.com/prnh/20120119/MM38856LOGO

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cyan-shareholder-alert-faruqi--faruqi-llp-announces-the-investigation-of-cyan-inc-cyni-over-the-proposed-sale-of-the-company-to-ciena-corporation-cien-in-a-stock-deal-300085681.html

SOURCE Faruqi & Faruqi, LLP

Copyright 2015 PR Newswire