Wed, October 20, 2010
[ Wed, Oct 20th 2010 ] - Market Wire
ASYS,BTN,NM,SORL,WYN
Tue, October 19, 2010
Mon, October 18, 2010
Fri, October 15, 2010
[ Fri, Oct 15th 2010 ] - Market Wire
00 p.m. PST (5:00 p.m. EST)
[ Fri, Oct 15th 2010 ] - Market Wire
NOK,RIMM,AAPL,GOOG,MOT
Thu, October 14, 2010
Wed, October 13, 2010
[ Wed, Oct 13th 2010 ] - Market Wire
AAPL,VZ,VOD,T,RIMM
Tue, October 12, 2010
Mon, October 11, 2010
Sun, October 10, 2010
Fri, October 8, 2010
Thu, October 7, 2010
[ Thu, Oct 07th 2010 ] - Market Wire
Mortgage Rates Drop to New Lows
Wed, October 6, 2010
Tue, October 5, 2010

Koyote Trading LLC Welcomes 3Ma?s Ownership of Cogent Inc.; Organizes Call to Explore the Possible Formation of Committee to Di


//science-technology.news-articles.net/content/2 .. e-the-possible-formation-of-committee-to-di.html
Published in Science and Technology on Wednesday, October 13th 2010 at 8:40 GMT by Market Wire   Print publication without navigation


NEW YORK--([ BUSINESS WIRE ])--Koyote Trading LLC, ("Koyote") an institutional owner of common stock of Cogent, Inc. (NASDAQ: COGT) welcomes 3Ma™s ownership of Cogent, Inc. which it acquired through its wholly-owned subsidiary Ventura Acquisition Corp.

aWe are pleased that 3M acquired a 52% stake in Cogent last week principally through the acquisition of a 38.8% stake owned by the CEO Mr. Ming Hsieh. However, as we and other owners of Cogent have been saying for some time, the $10.50 valuation is clearly inadequate by any number of metrics,a stated Zachary Prensky, co-manager of the Special Situations desk at Koyote. As stated by 3M in a press release dated Friday, October 8th, 2010, less than 15% of the outstanding publically-owned common stock of Cogent was tendered to 3M.

Koyote intends to hold a conference call on Thursday, October 14th at 4:30 p.m. EDT with other owners of Cogent to explore the possible formation of an Ad-Hoc Committee of Minority Cogent Shareholders (the aCommitteea). Shareholders of Cogent, other than 3M, who wish to participate on this call, are kindly asked to pre-register by emailing their name and affiliation to [ COGT@KoyoteCapital.com ]. After the appropriate confirmation of your contact information, you will then be provided with the dial-in information for the conference call.

"We applaud 3Ma™s long term commitment to a business that we are excited about. But the price offered is inadequate to 48% of Cogent shareholders that declined to participate in 3Ma™s tender. With the senior management and Board of Cogent committed to the $10.50 valuation, we have no choice but to explore the possible formation of a committee of shareholders to negotiate directly with 3M for a fair and adequate price for our stake. If 3M works with us, we believe we can find a middle ground that rewards minority shareholders for their long-term support of Cogenta™s business plan,a added Mr. Prensky.


Publication Contributing Sources