Wall Street thinks Cogent (COGT +0.1%) is worth more than 3M's (MMM -0.6%) $10.50/share offer price, as Cogent shares closed yesterday nearly 6% above 3M’s offer. Speculation is that other companies with complementary security technology, such as Northrop Grumman (NOC -0.9%) or L-3 Communications (LLL -1.1%), might emerge with counteroffers.
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