Bernstein Liebhard LLP is investigating whether the Board of Directors of Cogent Inc. (“Cogent” or the “Company”) (Nasdaq: COGT) breached its fiduciary duty to its shareholders in agreeing to sell Cogent to 3M Co. (“3M”) (NYSE: MMM).
Under the terms of the agreement, Cogent shareholders will receive $10.50 in cash for each share they own, placing the total value of the transaction at approximately $933 million. The investigation is focused on the potential unfairness of the price to Cogent shareholders and the process by which the Cogent Board of Directors considered and approved the transaction.
If you are interested in discussing your rights as a Cogent shareholder and/or have information relating to the matter, please contact U. Seth Ottensoser at (877) 779-1414 or Ottensoser@bernlieb.com.
Bernstein Liebhard has pursued hundreds of securities, consumer and shareholder rights cases and recovered almost $3 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last seven years.
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