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Faruqi & Faruqi, LLP Announces Investigation Related to the Acquisition of Cogent, Inc. - COGT

^{Published on 2010-08-30 12:35:19 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Cogent, Inc. (aCogenta or the aCompanya) (NasdaqGS: COGT) for potential breaches of fiduciary duty in connection with their conduct related to the sale of the Company to 3M Co. (NYSE: MMM). The proposed transaction offers Cogent shareholders to only receive $10.50 in cash for each share they own. According to [ Thomson/First Call ], at least one financial analyst values Cogenta™s common stock at $16.00 per share.

Whether the Cogenta™s Board of Directors breached their fiduciary duties to Cogenta™s stockholders by failing to conduct an adequate and fair sales process to sell the Company prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Cogent shares and by how much this proposed transaction undervalues the Company to the detriment of Cogent shareholders are the key focus of this investigation.

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, through all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firma™s clients.

If you own common stock in Cogent and wish to obtain additional information, please visit us at [ http://www.faruqilaw.com/cogent ] or contact Juan E. Monteverde, Esq. either via e-mail at [ jmonteverde@faruqilaw.com ] or by telephone at (877) 247-4292 or (212) 983-9330.

Attorney Advertising.(C) 2010 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.