Goldfarb Branham LLP is investigating potential shareholder claims against the Cogent Inc. Board of Directors (Nasdaq: COGT). The investigation focuses on whether the board breached its fiduciary duty to its shareholders in agreeing to sell Cogent to 3M Co. Concerned shareholders should contact attorney Hamilton Lindley at 877-583-2855 or firstname.lastname@example.org.
“Under the terms of the agreement, Cogent shareholders will receive $10.50 per share – an 18 percent premium,” securities lawyer Hamilton Lindley said. “Cogent founder and Chief Executive Ming Hsieh is expected to remain an ‘integral part’ of the new company and has agreed to tender his stake in the Cogent, which stands at nearly 38%. Because Cogent stock has traded above the current buyout price very recently, and the average price target for the stock is $13.42 – this buyout may be too low. Our potential class action seeks to maximize shareholder value in this buyout for all shareholders, not just insiders.”
Goldfarb Branham LLP lawyers have significant experience representing shareholders in unfair buyouts nationwide. The national securities firm provides nimble, creative and effective counsel at all stages of litigation. If you have information or concerns about this transaction, contact attorney Hamilton Lindley at
email@example.com or 877-583-2855.