Harwood Feffer LLP Announces Investigation of Cyan, Inc.

NEW YORK, May 4, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Cyan, Inc. ("Cyan" or the "Company") (NYSE: CYNI) concerning the proposed acquisition of the Company by Ciena Corporation ("Ciena") in transaction worth approximately $400 million.      

Under the terms of the transaction, Cyan shareholders would receive consideration equal to 0.224 Ciena common shares, 89% of which would be delivered in Ciena stock and 11% of which would be in cash, worth approximately $4.75 per share of Cyan owned.  Less than one year ago, when Cyan went public, its common stock traded above $11 per share.

Our investigation concerns whether the Cyan board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders. 

If you own Cyan shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Benjamin I Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: povers@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

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SOURCE Harwood Feffer LLP