**[investwise]** 3M's Acq of Cogent, Brings Clients Like The DOJ, Homeland Security & US Marines

 

3M's offer to acquire security services company Cogent Inc. for $943 million will add a new business to the Minnesota company and presumably help to fuel its future growth. Yet, at a time of high unemployment and heated debate about the role of immigration in U.S., the purchase also highlights the continuing contribution of immigrants to the American economy. Founder Ming Hsieh hails from China, and built one of the largest U.S. companies in the security niche, providing services to key government agencies involved in national security. Based on yesterday's offer price and his 41% shareholding stake cited in Cogent's latest annual report, his fortune is worth $389 million. Notably, in the best of American tradition, Cogent's founder has been generous with his wealth. For instance, he gave $35 million to the University of Southern California's electrical engineering department in 2006, according to a newsletter published by the Committee of 100, a Chinese-American group. Ronnie Chan, a USC trustee, said in 2008: "America taught Ming to express his entrepreneurship, and he has done that superbly, but more important, America has taught him to give back to society and to give back generously," said Chan. Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.   Nothing in this article is, or should be construed as, investment advice.

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