WAYNE, Pa., May 5, 2015 /PRNewswire/ -- Ryan & Maniskas,
LLP is investigating potential claims against the board of
directors of Cyan, Inc. ("Cyan" or the "Company") (NYSE: CYNI)
concerning possible breaches of fiduciary duty and other violations
of law related to the Company's efforts to sell the Company to
Ciena Corporation in a transaction valued at approximately
$400 million.
If you own shares of Cyan and would like to learn more about
this class action or if you wish to discuss these matters and have
any questions concerning this announcement or your rights, contact
Richard A. Maniskas, Esquire
toll-free at (877) 316-3218 or to sign up online, visit:
www.rmclasslaw.com/cases/cyni. You may also email Mr.
Maniskas at rmaniskas@rmclasslaw.com.
Under the terms of the agreement, shareholders of Cyan will
receive consideration equal to the value 0.224 shares of Ciena
common stock for each share of Cyan common stock owned.
Our investigation concerns possible breaches of fiduciary duty
and other violations of state law by the Board of Directors of Cyan
for not acting in the Company's shareholders' best interests in
connection with the sale process.
Ryan & Maniskas, LLP is a national shareholder litigation
firm. Ryan & Maniskas, LLP is devoted to protecting the
interests of individual and institutional investors in shareholder
actions in state and federal courts nationwide. To learn more
about the class action process, please visit:
www.rmclasslaw.com.
CONTACT: Ryan & Maniskas, LLP
Richard A. Maniskas,
Esquire
995 Old Eagle School Rd., Suite
311
Wayne, PA
19087
877-316-3218
www.rmclasslaw.com/cases/cyni
rmaniskas@rmclasslaw.com
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SOURCE Ryan & Maniskas, LLP