Published: September 03, 2010
Bull & Lifshitz, LLP Announces Investigation of the Acquisition of Cogent Inc.
NEW YORK - (BUSINESS WIRE) - Bull & Lifshitz, LLP announces an investigation into possible breaches
of fiduciary duty in connection with the proposed acquisition of Cogent
Inc. (NASDAQ: COGT) (referred to as "Cogent" or the "Company" ) by 3M Co.
(referred to as "3M") in a cash transaction with a value of
approximately $943 million.
Under the terms and conditions of the merger agreement, 3M, through a
wholly-owned subsidiary, will make a tender offer to acquire all of the
outstanding common stock of Cogent for $10.50 per share in cash. The
Company's President and Chief Executive Officer, Ming Hsieh, has entered
into a Voting and Tender Agreement (the "Voting and Tender Agreement"),
effective as of August 29, 2010, with 3M in connection with the Merger.
Pursuant to the Voting and Tender Agreement, Mr. Hsieh and certain
stockholders affiliated with Mr. Hsieh have agreed to, among other
things, tender their shares of capital stock of the Company in the
tender offer and, if necessary, vote such shares in favor of the Merger
and against any alternative acquisition proposal. An aggregate of
approximately 34,369,965 shares of the Company's common stock are
subject to the Voting and Tender Agreement, representing approximately
38.9% of the Company's outstanding shares of common stock.
Bull & Lifshitz, LLP's investigation is focused on whether the proposed
deal provides adequate value to the Company's shareholders.
If you are a shareholder of Cogent and would like more information about
our investigation, please contact Joshua M. Lifshitz, Esq. by telephone
at (866) 313-6222 or by sending an e-mail including your contact
information to: counsel@nyclasslaw.com.
Bull & Lifshitz, LLP is a New York City-based law firm with significant
experience representing investors in merger-related shareholder class
actions, shareholder derivative actions, and securities fraud class
actions. For more information about the firm, please visit our website
at www.nyclasslaw.com.
ATTORNEY ADVERTISING. (c) 2010 Bull & Lifshitz, LLP. The law
firm responsible for this advertisement is Bull & Lifshitz, LLP, 18 East
41st Street, New York, New York 10017, (212) 213-6222. Prior
results do not guarantee or predict a similar outcome with respect to
any future matter.

Bull & Lifshitz, LLP
Joshua M. Lifshitz, Esq.
Phone:
212-213-6222
Fax: 212-213-9405
Email: counsel@nyclasslaw.com
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