The Law Offices of Howard G. Smith is investigating whether the Board of Directors of Cogent, Inc. (NASDAQ: COGT) breached its fiduciary duty to its shareholders in agreeing to sell the Company to the 3M Company in a cash deal whereby Cogent shareholders will receive $10.50 for every share of Cogent stock that they own.
The Law Offices of Howard G. Smith believes that the deal is suspicious because it appears from a review of the Company's financial statements that the inherent value of the Company's stock is greater than $10.50 per share, because the Company's stock has traded higher than $10.50 per share in the last year and higher than $14.00 per share in the last two years, because at least analyst believes the stock to be worth $13.42 per share, because the deal is structured to make it difficult for shareholders who do not like the deal to defeat it, and also because several Company executives, who have agreed to vote in favor of the proposal and control over 39% of the Company's outstanding stock, will be retained by 3M for huge salaries upon completion of this deal.
If you own shares of Cogent, Inc. (NASDAQ: COGT) and wish to protect your investment you may join the lawsuit by submitting your information online or call the Law Offices of Howard G. Smith and speak to Mr. Smith directly regarding how he can help you.
Case Summary
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I, the Plaintiff, certify that:
1. I authorize my attorney to file a Complaint on my behalf based on
the information provided in the Case Summary. I verify that the
information contained in the Case Summary is true to the best of
my knowledge, information and belief.
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retain the Law Offices of Howard G. Smith in an action against the Company based on the Case Summary. I also acknowledge that I have read and agree to the Representation Agreement.
