Cyan Acquisition By Ciena Completes
Petaluma-based optical networking equipment maker Cyan is now officially a part of Ciena Corporation, Ciena said Monday. Ciena said the deal was worth approximately $488M (or $415M net of cash acquired). Ciena paid $33.6M in cash plus 10.6 million shares of its common stock for Cyan. Both companies offer up products for the optical networking market. Cyan becomes part of Ciena's Blue Planet division.
posted on Tuesday, August 4, 2015
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