TITLE

3M Corp. [MMM]: Cogent Systems [COGT]: L-1 Identity Solutions [ID]: General Electric [GE]: Science Applications International Corp. [SAI]: FLIR Corp. [FLIR]: ICx Technologies [ICXT]: 3M to Acquire Biometric Solutions Provider Cogent Systems

PUB. DATE
September 2010
SOURCE
TR2: Terror Response Technology Report;9/1/2010, Vol. 6 Issue 18, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports on the acquisition of Cogent Systems, a provider of biometric software matching systems and hardware, by 3M Corp. The transaction is valued at 430 million U.S. dollars. Particular focus is given to the terms of the acquisition deal. According to analyst Josephine Millward of Benchmark Co., the deal's price was surprising because it values Cogent at less than the minimum earnings multiple of comparable acquisitions in the homeland security and defense market.
ACCESSION #
54420879

 

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