3M/Cogent
3M (NYSE: MMM) announces the $943 million acquisition of Cogent Inc. (Nasdaq: COGT). The transaction is $10.50 per common share. Net of cash acquired, the transaction is valued at $430 million.
Cogent provides finger, palm, face and iris biometric systems for governments, law enforcement agencies, and commercial enterprises.
The acquisition of Cogent is expected to close during the fourth quarter of 2010.
On a GAAP basis, the acquisition will be $0.09 to $0.10 dilutive to earnings in the first 12 months. Excluding items, the acquisition will $0.01 to $0.02 accretive to earnings over the same period.
Cogent provides finger, palm, face and iris biometric systems for governments, law enforcement agencies, and commercial enterprises.
The acquisition of Cogent is expected to close during the fourth quarter of 2010.
On a GAAP basis, the acquisition will be $0.09 to $0.10 dilutive to earnings in the first 12 months. Excluding items, the acquisition will $0.01 to $0.02 accretive to earnings over the same period.
View Older Stories
-
Virginia Natural Gas partners with diverse businesses, spends $43M for goods and services in 2021
-
Iris Recognition Market to Hit USD 9.74 Billion by 2030 | Industry In-Depth Analysis, Trends, Demand, Revenue and Growth Drivers
-
Modern Revenue Integrity Solutions Can Save - or Earn - Healthcare Organizations Millions of Dollars Annually
-
How Fingerprint Biometrics Machine Market Players Navigating Crisis? Spotlight on Crossmatch, Northrop Grumman, ZKTeco
-
Natural language processing technology poised to unlock the value of extensive, unstructured healthcare data sets
-
Gemalto partners with University of Texas at Austin Center for Identity
-
Gemalto partners with University of Texas at Austin Center for Identity
-
Gemalto investment speeds development of new Cogent biometric identification solutions
-
Gemalto investment speeds development of new Cogent biometric identification solutions
-
3M Completes Sale of Its Identity Management Business
-
Form 4 COGENT COMMUNICATIONS For: Mar 03 Filed by: KILMER HENRY W
-
Gemalto to acquire 3M's Identity Management Business
-
Gemalto to acquire 3M's Identity Management Business
-
3M to Sell Identity Management Business
-
3M Live Face Identification System Takes Security Solutions from Reactive to Proactive
-
Banking and Consumer Electronics Boost Biometrics' Position in IoT but Security Issues Looming Large
-
Biometrics Market Boosted by Fingerprint Sensors in Smartphones, Vein Technologies in ATMs and Iris Recognition in Healthcare, Predicts ABI Research
-
Biometrics Industry to Generate US$13 Billion Revenues in 2015 but Technological Challenges Remain Huge, According to ABI Research
-
Governmental Biometric Expenditures Expected to Reach US$8.6 Billion by 2020—Border Control Applications Take the Spotlight, Says ABI Research
-
Trading Radar for 02/20: Wal-mart (WMT), Tesla (TSLA), H-P (HPQ), Groupon (GRPN), DirecTV (DTV) Report
-
Trading Radar for 02/22: MGM Resorts (MGM), Hewlett-Packard (HPQ), Zale (ZLC), Analog Devices (ALOG) Report
-
Innovation Will Drive 3M (MMM) to Record Earnings in FY11 - Barron's
-
3M (MMM) Tenders 52% of Cogent (COGT) Shares
-
S&P Announces Changes to US Indices: RSTI for COGT in SmallCap 600, DRQ for BKC in MidCap 400, ATNI for DRQ
-
FBR Capital Maintains an 'Outperform' Rating on 3M Company (MMM); Announces Third Acquisition in Two Weeks
-
Needham & Company Maintains a 'Hold' on Cogent, Inc. (COGT); Company to be Acquired by 3M
-
Olympia Capital End of Day Summary: Stocks Slide as Trade Turns Cautious
-
Cogent (COGT) upside calls active as shares trade above acquisition price
-
Unusual 11 Mid-Day Movers 08/30: ADAM, HTCH, COGT, REE, PSTI, IMGN Higher; DGIT, KUTV, EMMS, SKH, LULU Lower
-
Shareholders: Thanks For the Offer, But We Want More
-
Notable Mergers and Acquisitions of the Day 08/30: SNY/GENZ, COGT/MMM, INTC/IFNNY
-
Morning Movers 8/30: ADAM, COGT, CRNT, FOSL, CSGS, GENZ Higher; DGIT, LULU, PAR, INTC Lower
-
Cogent (COGT) Acquired By 3M (MMM) For $10.50/Share

