Cogent Investors Say 3M Is Making Tender Offer Threats

Law360, New York (October 20, 2010, 4:33 PM EDT) -- Shareholders battling 3M Co.'s $943 million takeover of Cogent Systems Inc. say the conglomerate is threatening investors who did not participate in a $10.50 tender offer to accept the merger.

In a motion to file a supplement to their original complaint filed Friday in the Delaware Chancery Court, the shareholders said 3M did not disclose the possibility of a second tender offer prior to the completion of their original tender offer on Oct. 7.

Under the terms of the merger agreement, announced on Aug. 30, 3M...
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