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Mergers and Acquisitions

  • 12/1/10 3:25 pm CST
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE:MMM) announced today that it has completed its acquisition of Cogent Inc., pursuant to a merger agreement that was approved and adopted by Cogent’s stockholders at a special meeting held on Dec. 1, 2010. Under the terms of the merger agreement, Cogent’s stockholders are entitled to receive $10.50 per share in cash. With the closing of the transaction, Cogent’s common stock ceased to trade on NASDAQ at market close today, andmore...
  • 10/27/10 7:30 am CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE:MMM) today announced that its direct wholly-owned subsidiary, Ventura Acquisition Corporation, has completed its cash tender offer for Cogent, Inc. (NASDAQ:COGT). The subsequent offering period under the tender offer for all of the outstanding shares of Cogent expired at 5:00 p.m., New York City time, on Oct. 26, 2010. Approximately 18.5 million shares were tendered in the subsequent offering period and Ventura Acquisitionmore...
  • 10/25/10 7:30 am CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE:MMM) today announced that its direct wholly-owned subsidiary, Ventura Acquisition Corporation, has extended its cash tender offer for Cogent, Inc. (NASDAQ:COGT). The expiration date of the subsequent offering period has been extended to 5:00 PM, New York City time, on October 26, 2010. As of 12:00 midnight, New York City time, on October 22, 2010, approximately 16.7 million shares were tendered in the subsequent offering periodmore...
  • 10/20/10 8:00 am CDT
    ST. PAUL, Minn. & TEL AVIV, Israel--(BUSINESS WIRE)--3M announced today it has completed its acquisition of Attenti Holdings S.A. from an investor group led by Francisco Partners. Attenti is a leading supplier of remote people monitoring technologies used for a variety of offender monitoring applications, such as people awaiting trial or on probation; and to assist eldercare facilities in monitoring and enhancing the safety of patients. This acquisition positions 3M’s track and tracemore...
  • 10/18/10 10:38 am CDT
    ST. PAUL, Minn. & TAIPEI, Taiwan--(BUSINESS WIRE)--Jason Hanlon's phone number in contact information should read: +886-2-2827-7996 (sted +886-2-2827-7669). The corrected release reads: 3M TO ACQUIRE TAPE BUSINESS FROM ALPHA BETA ENTERPRISE CO. LTD. 3M announced today that it has entered into a definitive agreement to acquire the tape-related assets of Alpha Beta Enterprise Co. Ltd., a leading manufacturer of box sealing tape and masking tape headquartered inmore...
  • 10/13/10 11:10 am CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today it has completed its acquisition of Arizant Inc., a leading manufacturer of patient warming solutions designed to prevent hypothermia in surgical settings. Patient warming is a highly strategic adjacency for 3M and integral to infection prevention. Arizant expands 3M’s infection prevention offerings and will help to drive growth internationally. Arizant, which was majority-owned by Court Square Capital sincemore...
  • 10/8/10 7:30 am CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE:MMM) today announced that its direct wholly-owned subsidiary, Ventura Acquisition Corporation, has completed its cash tender offer for Cogent, Inc. (NASDAQ:COGT). The tender offer for all of the outstanding shares of Cogent expired at 12:00 midnight, New York City time, on October 7, 2010. As of that time, the depositary for the offer advised that approximately 46.4 million shares, representing approximately 52 percent ofmore...
  • 9/30/10 11:12 am CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today that it has signed a definitive agreement to acquire Ross Reels, a Colorado-based manufacturer of fly fishing equipment and accessories. Terms of the transaction were not disclosed. Ross Reels is recognized as one of the top fly reel manufacturers in the United States. Its full line of products includes high quality fly rods, complete fly fishing outfits, reel outfits, rod cases, fishing pliers and other outdoormore...
  • 9/10/10 5:16 pm CDT
    ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE:MMM) today announced that its direct wholly-owned subsidiary, Ventura Acquisition Corporation, has commenced its tender offer for all outstanding shares of common stock of Cogent Inc. (NASDAQ:COGT) at a price of $10.50 per share. The tender offer is being made in connection with the Agreement and Plan of Merger, dated as of August 29, 2010, by and among 3M Company, Ventura Acquisition Corporation and Cogent Inc., which 3M and Cogentmore...
  • 9/9/10 7:30 am CDT

    Acquisition Expands Infection Prevention Product Portfolio

    ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today it has entered into a definitive agreement to acquire Arizant Inc. for a purchase price of $810 million in cash. Based in Eden Prairie, Minn., Arizant is a leading manufacturer of patient warming solutions designed to prevent hypothermia in surgical settings. “Patient warming is a highly strategic adjacency for our business and integral to infection prevention,” said Debra Rectenwald, president and general manager, 3Mmore...