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Will 3M have a rival for Cogent?

September 1, 2010Martha Entwistle

Good article from Lou Whiteman at today looking at whether 3M is likely to have competition for buying Cogent. It seems that investors are actually paying more right now for Cogent stock than 3M is actually offering, meaning they'd lose money if the 3M deal went through. That's some interesting Wall Street gambling. Where's the thought coming from? The deal values Cogent at about 8.5 times 2010 expected Ebitda and 7.1 times 2011 estimates. Raymond James & Associates Inc. analyst Brian...

Wall Street

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