3M Extends Subsequent Offering Period for Shares of Cogent, Inc.

The expiration date of the subsequent offering period has been extended to 5:00 PM, October 26, 2010 (Finance.Yahoo.com)

If, following expiration of the subsequent offering period, Ventura Acquisition Corporation owns more than approximately 66.5 million Cogent shares, 3M intends to exercise the option, under the terms of the previously announced merger agreement, to purchase directly from Cogent a number of additional shares sufficient to give Ventura Acquisition Corporation ownership of one share more than 90% of Cogent’s outstanding common stock. This would permit Ventura Acquisition Corporation to complete a short-form merger with Cogent under Delaware law without the need for a meeting of Cogent’s shareholders.

Ventura Acquisition Corporation is wholly owned by 3M.